Clause 17

by inserting, immediately after paragraph (a) of subsection (2), the following paragraph:“(aa)any of the following expenses incurred on or after 1 April 2020 that are approved for the firm or company:

expenses to secure a spot to speak at a trade mission or trade promotion activity mentioned in paragraph (a)(i);

expenses for the transportation of any material or sample for use at a trade mission or trade promotion activity mentioned in paragraph (a)(i);

expenses to engage a consultant (not being a related party of the approved firm or company or an officer or employee of such related party) to organise a business networking event during a trade mission or trade promotion activity mentioned in paragraph (a)(i);”;

by deleting the words “31 March 2020” in subsection (2A) and substituting the words “31 December 2025”;

by deleting the word “or” at the end of paragraph (c) of the definition of “market development expenditure” in subsection (11);

by inserting the word “or” at the end of paragraph (d) of the definition of “market development expenditure” in subsection (11), and by inserting immediately thereafter the following paragraph:“(e)approved expenses incurred on or after 1 April 2020 for the engagement of a consultant (not being a related party of the approved firm or company or an officer or employee of such related party) —

to identify a suitable person to promote the trading of any goods, or the provision of any services, in a country outside Singapore; or

to build up a business network in a country outside Singapore;”;

by deleting the full-stop at the end of the definition of “master intellectual property licence” in subsection (11) and substituting a semi-colon, and by inserting immediately thereafter the following definition:“ “related party” has the meaning given by section 13(16).”; and

by deleting the words “31st March 2020” in subsection (12) and substituting the words “31 December 2025”.