Clause 13

by inserting, immediately after the words “pioneer service company” in subsection (1), the words “for that qualifying activity”;

by inserting, immediately after subsection (1), the following subsection:“(1A) A company may make an application under subsection (1) to be approved as a pioneer service company for more than one qualifying activity which it is engaged in.”;

by deleting the words “the application and issue the company with a certificate subject to such terms and conditions as he” in subsection (2) and substituting the words “the company as a pioneer service company for the qualifying activity and issue to that company a certificate subject to such conditions as the Minister”; and

by deleting subsections (3) and (4) and substituting the following subsections:“(3) No company may be approved as a pioneer service company on or after 1 January 2024.(4) Every certificate issued under this section to a pioneer service company must be in respect of a qualifying activity and must specify —

the qualifying activity; and

a date as the commencement day of the qualifying activity.(5) Where the Minister approves a company as a pioneer service company for 2 or more qualifying activities, the Minister may issue a single certificate in respect of those qualifying activities if —

the tax relief periods of the pioneer service company for all the qualifying activities, as determined by the Minister under section 6 (as applied by section 19), expire on the same day; and

the Minister is satisfied that the pioneer service company is engaged in all the qualifying activities as part of the same project.(6) The Minister may, upon the application of any pioneer service company, amend a certificate issued to the company —

by substituting for the commencement day of a qualifying activity specified in the certificate under subsection (4)(b) such earlier or later date as the Minister thinks fit, and upon such substitution the provisions of this Act have effect as if the date so substituted were the company’s commencement day of that qualifying activity; (b)by removing any qualifying activity from the certificate with effect from a date determined by the Minister; or

by adding to the certificate any qualifying activity and a date as its commencement day, if —

the tax relief period for the qualifying activity expires on the same day as the tax relief period or periods for the other qualifying activity or activities already specified in the certificate; and

the Minister is satisfied that the pioneer service company is engaged in the qualifying activity and the other qualifying activity or activities already specified in the certificate as part of the same project.(7) Without prejudice to section 99, the Minister may, on the Minister’s own initiative, remove any qualifying activity from a certificate with effect from a date determined by the Minister, if the Minister is satisfied that the pioneer service company has contravened —

any provision of this Act; or

any condition of its approval as a pioneer service company.”.