(1)In this Chapter “former approved superannuation fund” means any fund which immediately before 6th April 1980 was an approved superannuation fund for the purposes of section 208 of ICTA 1970.
(2)But a fund is not a former approved superannuation fund if any of the following things has happened since 5th April 1980—
(a)the fund has been approved by the Board of Inland Revenue for the purposes of Chapter 2 of Part 2 of FA 1970,
(b)the fund has been approved by the Board for the purposes of Chapter 1 of Part 14 of ICTA, or
(c)any sum has been paid to the fund by way of contribution.