Modification of definition of surplus in section 2 of Act
3.—(1)  The definition of “surplus” in section 2 of the Act shall, in its application to section 71(2) of the Act, be modified to the extent that it shall not include capital gains of any society.
(2)  For the purposes of this paragraph, “capital gains”, in relation to any society, means any gains or profits arising from the disposal of any office premises of the society and any shares by the society.
[S 523/97 – 1.12.97]