means a trust defined in section 1 of the Trust Property Control Act, 1988 (Act No. 57 of 1988), other than a trust established—
| (a) | by virtue of a testamentary disposition; |
| (b) | by virtue of a court order; |
| (c) | in respect of persons under curatorship; or |
| (d) | by the trustees of a retirement fund in respect of benefits payable to the beneficiaries of that retirement fund, |
and includes a similar arrangement established outside the Republic;
[Definition inserted by section 1(t) of the Financial Intelligence Centre Amendment Act, 2017 (Act No. 1 of 2017)]