Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 (44 of 1999)

Schedule 7 Consequential amendment of Acts

Repeal the section, substitute:

The Secretary may determine that:

(a) a friendly society; or

(b) a person or body that, in the Secretary's opinion:

(i) is similar in character to a friendly society; and

(ii) provides benefits similar to the benefits provided by a friendly society;

is an approved friendly society for the purposes of this Act.