Document ID: chunk:federal_register_of_legislation:F2019N00027:body:0:p20
Version: federal_register_of_legislation:F2019N00027
Segment Type: other
Provision Reference: 
Character Range: 49636–52370

this Standard is registered in the Federal Register of Legislation;

    Related Body Corporate has the meaning given in the Corporations Act 2001;

    Relevant Portion has the meaning given to it in clause 5.2;

    Reporting Period means, subject to clause 7.3, a 12 month period ending 30 June;

    Rules of a Scheme or Rules of the Scheme means the constitution, rules, by-laws, procedures and instruments of the relevant Scheme as applied in Australia, and any other arrangement relating to the Scheme by which participants in that Scheme in Australia are, or consider themselves to be, bound;

    Sponsor means a participant in a Scheme in Australia who has accepted responsibility in whole or in part for, or to act as agent for, another entity under and in accordance with the Rules of the Scheme so that the other entity may participate in the Scheme and Sponsorship has a corresponding meaning;

    Supplementary Service means a service:

       (a) bundled with or provided in conjunction with one or more other services;

       (b) for which no amount is paid or payable by the Direct Issuer Participant beyond any amount that is paid or payable for the other services referred to in sub-paragraph (a); and

       (c) which the administrator of the relevant Scheme has not confirmed in writing, prior to the time the service is first provided or committed to be provided to the Direct Issuer Participant, is bundled or provided in conjunction with the other services referred to in sub-paragraph (a) to all entities participating in the Scheme globally;

    include or including or such as when introducing an example do not limit the meaning of the words to which the example relates to that example or examples of a similar kind; and

    terms defined in the Act have the same meaning in this Standard.

    2.4 For the purposes of this Standard:

       (a) a provision of a plan, arrangement or agreement shall be deemed to have a particular purpose if the provision was included in the plan, arrangement or agreement by a party or parties for purposes that include that purpose and that purpose was a substantial purpose; and

       (b) conduct including the payment or receipt of a fee or the giving of a benefit or other valuable consideration shall be deemed to have been made for a particular purpose if the person undertaking the conduct, payment or receipt did so for purposes that include that purpose and that purpose was a substantial purpose.

    2.5 Each participant in a Scheme must do all things necessary on its part to ensure compliance with this Standard.

    2.6 If any part of this Standard is invalid, this Standard is ineffective only to the extent of such part without invalidating the