Clause 39

by deleting the semi-colon at the end of the definition of “pioneer service company” in subsection (7) and substituting a full‑stop;

by deleting the definition of “tax relief period” in subsection (7); and

by inserting, immediately after subsection (7), the following subsection:“(8) In subsection (5)(b), the tax relief period of a fund management company for the activity mentioned in that provision is —

the company’s tax relief period under section 18 of the Economic Expansion Incentives (Relief from Income Tax) Act, in force immediately before 19 April 2016; or

the period treated as the company’s tax relief period for that activity under section 37(3)(c) of the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2016 (Act 11 of 2016),as the case may be.”.