Regulation 71 Interpretation of Chapter III

In this Chapter unless the context otherwise requires—

• “fund” means a person who pays holiday pay to an individual who is not employed by him (or, on the death of that individual, to some other person);

• “holiday pay” means any payment obtained by an individual (or, on his death, by some other person) in exchange for a voucher, stamp or similar document purchased by a person who employs (or employed) that individual for any holiday period;

• “recipient” means an individual (or, on that individual’s death, some other person claiming in respect of that individual’s right) who is paid holiday pay by a fund.