Part 30 of the Principal Act is amended -
(i) in section 770(1):
(I) by the insertion of the following after the definition of "pension":
"'pension adjustment order' means an order made in accordance with either section 12 of the Family Law Act, 1995, or section 17 of the Family Law (Divorce) Act, 1996;",
(II) by the substitution of the following for the definition of proprietary director:
"'proprietary director' means a director who, either alone or together with his or her spouse and minor children is or was, at any time within 3 years of the date of -
(i) the specified normal retirement date,
(ii) an earlier retirement date, where applicable,
(iii) leaving service, or
(iv) in the case of a pension or part of a pension payable in accordance with a pension adjustment order, the relevant date in relation to that order,
the beneficial owner of shares which, when added to any shares held by the trustees of any settlement to which the director or his or her spouse had t
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