In Section 3 (Defined Terms) of Schedule 1, insert the following new defined term:

3. Defined Terms

Term Definitions
Employee Money Purchase Scheme an arrangement where:
(a) the main purpose of the arrangement is to provide benefits to members in respect of their employment;
(b) benefits are payable on termination of employment or on the occurrence of another specified event; and
(c) the amount of the benefit is calculated by reference to:
(i) the contributions made by an employer in respect of the member, whether or not the member may make additional contributions; and
(ii) the investment performance of the scheme assets.