Clause 39

in subsection (2), replace “2023” with “2028”; and

replace subsection (6) with —“(6) For the purposes of subsection (5)(b), the Minister or the appointed person must specify to an approved company, for the 3rd, 4th, 5th and 7th 5‑year period of its tax relief period, a rate increase of at least 0.5% that applies to the years of assessment of all the basis periods within each of those 5‑year periods.”.