Clause 40

by deleting the word “and” at the end of subsection (1)(a);

by deleting the full-stop at the end of paragraph (b) of subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following paragraphs:“(c)for the year of assessment 2013 and subsequent years of assessment, the leasing of any intermodal equipment owned by the enterprise acquired before or during the period of approval of the enterprise referred to in subsection (4), which is incidental to the leasing referred to in paragraph (a); and

for the year of assessment 2013 and subsequent years of assessment, foreign exchange and risk management activities which are carried out in connection with and incidental to the leasing referred to in paragraph (c).”;

by inserting, immediately after the words “in relation to a container” in subsection (2), the words “or an intermodal equipment”;

by deleting subsection (5) and substituting the following subsection:“(5) The Minister or such person as he may appoint may, in respect of any container, class of containers, intermodal equipment or class of intermodal equipment, specify a period not exceeding a period of 15 years, during which the income from the leasing of such container, class of containers, intermodal equipment or class of intermodal equipment is subject to the applicable concessionary tax rate under subsection (1).”;

by inserting, immediately after the words “from the leasing of any container” in subsection (6), the words “or intermodal equipment”;

by inserting, immediately after the words “for such sea‑container” in the definition of “container” in subsection (7), the words “, or (for the year of assessment 2013 and subsequent years of assessment) by any of those organisations or any other equivalent organisation for such sea‑container”;

by inserting, immediately after the word “container” wherever it appears in the definition of “finance leasing” in subsection (7), the words “or intermodal equipment”;

by inserting, immediately after the definition of “finance leasing” in subsection (7), the following definition:“ “intermodal equipment” means any trailer, flatcar, car rack or other equipment, which facilitates the transportation of containers from one mode of transport to another;”; and

by inserting, immediately after the words “a container” wherever they appear in subsection (8), the words “or an intermodal equipment”.