In forceAmended2020 Revised Edition

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Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 3 · Pioneer Service Companies

18. Application of sections 6 to 15 to pioneer service company

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Amended

Last amended by an amending law of 2016.

Sections 6 to 15 apply to a pioneer service company under this Part and for the purposes of such application —

(a)

any reference to a pioneer enterprise is a reference to a pioneer service company;

(b)

any reference to a pioneer product is a reference to a qualifying activity;

(c)

any reference to the production day of a pioneer product of a pioneer enterprise is a reference to the commencement day of a qualifying activity of a pioneer service company; and

(d)

any reference to a pioneer certificate is a reference to a certificate issued under section 17.[19

Terms defined in this Act

certificate
Defined · s 3
“certificate” includes a letter or other document issued by the Minister to a company pursuant to an application made by the company under a provision of this Act;
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commencement day
Defined · s 16
“commencement day”, in relation to a qualifying activity that is approved under section 17(3) for a pioneer service company, means the date specified in the pioneer service company’s certificate under section 17(5)(b) or (7)(a) or (c) as the commencement day of that qualifying activity;
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pioneer certificate
Defined · s 3
“pioneer certificate” means a pioneer certificate issued under section 5;
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pioneer enterprise
Defined · s 3
“pioneer enterprise” means any company which has been approved by the Minister under section 5 for a pioneer product and to which a pioneer certificate is issued under that section;
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pioneer product
Defined · s 3
“pioneer product” means a product approved under section 4 to be a pioneer product;
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pioneer service company
Defined · s 16
“pioneer service company” means a company which has been issued with a certificate under section 17;
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production day
Defined · s 3
“production day”, in relation to a pioneer product that is approved under section 5(3) for a pioneer enterprise, means the date specified in the pioneer enterprise’s pioneer certificate under section 5(5)(b) or (7)(a) or (c) as the production day of that product;
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qualifying activity
Defined · s 16
“qualifying activity” means any of the following:(a)any engineering or technical services including laboratory, consultancy and research and development activities;(b)computer-based information and other computer related services;(c)the development or production of any industrial design; and(d)such other services or activities as may be prescribed.
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