Clause 32

by deleting the word “and” at the end of subsection (15)(c); (b)by deleting the full-stop at the end of paragraph (d) of subsection (15) and substituting the word “; and”, and by inserting immediately thereafter the following paragraphs:“(e)any company, in respect of qualifying deductions under subsection (14)(b) relating to any loss arising from any unutilised deduction under section 14Q; and

any qualifying start-up company, in respect of qualifying deductions under subsection (14)(b) relating to any loss incurred by the company for which any cash grant is given under section 37H.”;

by inserting, immediately after the words “deducting any” in the definition of “assessable income” in subsection (19), the words “deduction allowed under section 37G and”; and

by inserting, immediately after the definition of “ordinary share” in subsection (19), the following definition:“ “qualifying start-up company” has the same meaning as in section 37H;”.