‘tax free investment’ means any financial instrument or policy as defined in section 29A–

 

(a)     administered by a person or entity designated by notice by the Minister in the Gazette;

 

(b)     owned by-

 

(i)      a natural person; or

 

(ii)     the deceased estate or insolvent estate of a natural person that is deemed to be one and the same person as that natural person in respect of the contributions made by that person; and

 

(c)     that complies with the requirements of the Regulations contemplated in subsection (8).