Clause 5

by inserting, immediately after subsection (1C), the following subsections:“(1D) Notwithstanding section 19, where a person proves to the satisfaction of the Comptroller that he has installed on or after 1st January 1996 any efficient pollution control equipment or device for the purposes of a trade, business or profession carried on by him, he shall, in lieu of the allowances provided by subsection (1) or section 19, be entitled, if he so elects, to an allowance of 100% in respect of the capital expenditure incurred on the provision of the efficient pollution control equipment or device.(1E) Notwithstanding section 19, where a person proves to the satisfaction of the Comptroller that he has installed on or after 1st January 1996 any certified energy-efficient equipment as a replacement for any other equipment, or has installed on or after that date any approved energy-saving equipment, for the purposes of a trade, business or profession carried on by him, he shall, in lieu of the allowances provided by subsection (1) or section 19, be entitled, if he so elects, to an allowance of 100% in respect of the capital expenditure incurred on the provision of the certified energy-efficient equipment or approved energy-saving equipment.(1F) Any claim by a person for allowances in respect of any machinery or plant under this section for any year of assessment shall not be disallowed by reason only that the person has not in use the machinery or plant at the end of the basis period for that year of assessment.”;

by renumbering the existing subsection (1D) as subsection (1G);

by deleting the words “subsection (1D)” in the first line of subsection (5) and substituting the words “subsection (1G)”; and

by deleting the full-stop at the end of paragraph (b) of subsection (6) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(c)“efficient pollution control equipment or device” means any equipment or device for the purposes of preventing, controlling or reducing air pollution or water pollution which satisfies the prescribed criteria;

“certified energy-efficient equipment” means —

any air-conditioning system;

any boiler;

any water pumping system;

any washing or dry-cleaning machine system;

any refrigeration system;

any lift or escalator; and

any instant hot water system,which has been certified by a professional engineer registered under the Professional Engineers Act [Cap. 253] to be more energy-efficient than the equipment which it replaces; (e)“approved energy-saving equipment” means —

any solar heating or cooling system;

any solar energy collection system;

any heat recovery system;

any power factor controller;

any high efficiency electric motor;

any variable speed drive motor control system;

any high frequency lighting system;

any computerised energy management system; and

any other energy-saving equipment or device,approved by the Minister or such person as he may appoint.”.