Clause 40

by deleting the words “10% or such other concessionary rate” in subsection (1) and substituting the words “5% or 10%”; and

by inserting, immediately after subsection (1), the following subsection:“(1A) The concessionary rate of tax referred to in subsection (1) shall apply to an approved global trading company subject to such conditions as the Minister or such person as he may appoint may impose.”.