Clause 40

by inserting, immediately after subsection (2), the following subsection:“(2A) No approval may be granted under subsection (2) after 31 March 2020, and any approval granted to a qualifying person must commence between 1 July 2010 and 31 March 2020 (both dates inclusive).”;

by deleting sub-paragraph (i) of subsection (4)(a) and substituting the following sub-paragraph:“(i)during the period that is specified to the qualifying person; or”; and

by deleting the definition of “relevant date” in subsection (12) and substituting the following definition:“ “relevant date”, in relation to a qualifying person making a qualifying investment in a qualifying start-up company, means —

where only one qualifying investment in the company is made by the qualifying person in accordance with subsection (4) — the date of first investment; or

where more than one qualifying investment in the company is made by the qualifying person in accordance with subsection (4) — the date on which the last qualifying investment is made by the qualifying person in that company within one year after the date of first investment;”.