Artikel 3

1. For the purposes of this Convention, unless the context otherwise requires:
a) the term “State” means Norway or the Netherlands, as the context requires; the term “States” means Norway and the Netherlands;
b) the term “Norway” means the Kingdom of Norway, including any area outside the territorial waters of the Kingdom of Norway where the Kingdom of Norway, according to Norwegian legislation and in accordance with international law, may exercise its rights with respect to the sea bed and sub-soil and their natural resources; the term does not comprise Svalbard, Jan Mayen and the Norwegian dependencies (“biland”);
c) the term “the Netherlands” means the European part of the Netherlands, including its territorial sea and any area beyond and adjacent to its territorial sea within which the Kingdom of the Netherlands, in accordance with international law, exercises jurisdiction or sovereign rights;
d) the term “national” means: 1. any individual possessing the nationality of one of the States;
2. any legal person, partnership and association deriving its status as such from the laws in force in one of the States;
1. any individual possessing the nationality of one of the States;
2. any legal person, partnership and association deriving its status as such from the laws in force in one of the States;
e) the term “person” includes an individual, a company and any other body of persons;
f) the term “company” means any body corporate or any entity which is treated as a body corporate for tax purposes;
g) the term “enterprise” applies to the carrying on of any business;
h) the terms “enterprise of one of the States” and “enterprise of the other State” mean respectively an enterprise carried on by a resident of one of the States and an enterprise carried on by a resident of the other State;
i) the term “international traffic” means any transport by a ship or aircraft operated by an enterprise which has its place of effective management in one of the States, except when the ship or aircraft is operated solely between places in the other State;
j) the term “competent authority” means: 1. in Norway, the Minister of Finance or the Minister’s authorized representative;
2. in the Netherlands the Minister of Finance or his authorized representative;
1. in Norway, the Minister of Finance or the Minister’s authorized representative;
2. in the Netherlands the Minister of Finance or his authorized representative;
k) the term “business” includes the performance of professional services and of other activities of an independent character;
l) the term “a pension fund” means any company: (i) which is a resident of one of the States; and
(ii) which is operated principally to administer or provide pensions; and
(iii) a) in the case of the Netherlands: which is recognised and supervised by the Central Bank of the Netherlands (De Nederlandse Bank) and the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) according to the regulations of the Pensions Act (Pensioenwet);
b) in the case of Norway: which has authorisation to enter into pension agreements in accordance with regulations under the supervision of the Financial Supervisory Authority of Norway (Finanstilsynet).
a) in the case of the Netherlands: which is recognised and supervised by the Central Bank of the Netherlands (De Nederlandse Bank) and the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) according to the regulations of the Pensions Act (Pensioenwet);
b) in the case of Norway: which has authorisation to enter into pension agreements in accordance with regulations under the supervision of the Financial Supervisory Authority of Norway (Finanstilsynet).
(i) which is a resident of one of the States; and
(ii) which is operated principally to administer or provide pensions; and
(iii) a) in the case of the Netherlands: which is recognised and supervised by the Central Bank of the Netherlands (De Nederlandse Bank) and the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) according to the regulations of the Pensions Act (Pensioenwet);
b) in the case of Norway: which has authorisation to enter into pension agreements in accordance with regulations under the supervision of the Financial Supervisory Authority of Norway (Finanstilsynet).
a) in the case of the Netherlands: which is recognised and supervised by the Central Bank of the Netherlands (De Nederlandse Bank) and the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten) according to the regulations of the Pensions Act (Pensioenwet);
b) in the case of Norway: which has authorisation to enter into pension agreements in accordance with regulations under the supervision of the Financial Supervisory Authority of Norway (Finanstilsynet).
2. As regards the application of the Convention by one of the States any term not defined therein shall, unless the context otherwise requires, have the meaning which it has under the law of that State concerning the taxes to which the Convention applies.