Clause 8

replace subsection (1D) with —“(1D) Subsection (1)(ca) and (cc) does not apply to —

income derived between 12 December 2018 and 18 February 2025 (both dates inclusive) from the chartering or finance leasing of a seagoing ship that is acquired by the approved shipping investment enterprise or the approved related party by way of a finance lease entered into with an entity that is not an approved related party; or

income derived on or after 19 February 2025 from the chartering or finance leasing of a seagoing ship that is acquired by the approved shipping investment enterprise or the approved related party by way of a finance lease not treated as a sale under section 10C, entered into with an entity that is not an approved related party.”;

in subsections (2) and (3)(b), replace “2026” with “2031”; and

in subsection (4)(b), after “offshore renewable energy activity”, insert “, renewable energy activity”.