Clause 29

by deleting the words “30th June 2015” in subsection (1) and substituting the words “30th June 2020”;

by inserting, immediately after subsection (1), the following subsection:“(1A) Where any person proposes to incur or has incurred on or after 22nd February 2014 qualifying capital expenditure on the construction or renovation of a building or structure on port land or airport land, for which an application for planning permission or conservation permission is made on or after that date to the competent authority in accordance with the Planning Act (Cap. 232), the person may apply to the Minister or such person as the Minister may appoint, between 22nd February 2014 and 30th June 2020 (both dates inclusive) for such construction or renovation to be approved for the purposes of making an allowance under this section in respect of such expenditure incurred by that person.”;

by deleting the words “subsection (1), is satisfied that the construction or renovation of the building or structure on industrial land” in subsection (2) and substituting the words “subsection (1) or (1A), is satisfied that the construction or renovation of the building or structure on industrial land, port land or airport land (as the case may be)”;

by inserting, immediately before the definition of “approved construction or approved renovation” in subsection (12), the following definition:“ “airport land” means any land zoned for use as an airport under the Master Plan;”;

by inserting, immediately after the words “industrial land” in the definition of “approved construction or approved renovation” in subsection (12), the words “, port land or airport land (as the case may be)”;

by inserting, immediately after the words “subsection (1)” in the definition of “Master Plan” in subsection (12), the words “or (1A), as the case may be”;

by inserting, immediately after the definition of “Master Plan” in subsection (12), the following definition:“ “port land” means any land zoned for use as a port under the Master Plan;”; and

by inserting, immediately after the words “23rd February 2010” in the definition of “qualifying capital expenditure” in subsection (12), the words “(in the case of subsection (1)) or 22nd February 2014 (in the case of subsection (1A)),”.