Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 5 · Transfer of Awards
29. Interpretation of this Part
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In this Part, unless the context otherwise requires —“average corresponding income” means the average corresponding income mentioned in section 21(18);“development and expansion award” means an approval given by the Minister to a company under Part 4 to be a development and expansion company for a Part 4 qualifying activity;“development and expansion company” means a development and expansion company as defined in section 20;“Part 3 commencement day”, in relation to a Part 3 qualifying activity, has the meaning given to “commencement day” in section 16;“Part 3 qualifying activity” means any qualifying activity as defined in section 16;“Part 4 commencement day”, in relation to a Part 4 qualifying activity, has the meaning given to “commencement day” in section 20;“Part 4 qualifying activity” means any qualifying activity as defined in section 20;“pioneer industry award” means an approval given by the Minister to a company under Part 2 to be a pioneer enterprise for a pioneer product;“pioneer service award” means an approval given by the Minister to a company under Part 3 to be a pioneer service company for a Part 3 qualifying activity;“pioneer service company” means a pioneer service company as defined in section 16.[20
company
“company” means any company incorporated or registered in accordance with the provisions of any written law relating to companies;
“average corresponding income” means the average corresponding income mentioned in section 21(18);
“development and expansion award” means an approval given by the Minister to a company under Part 4 to be a development and expansion company for a Part 4 qualifying activity;
development and expansion company
“development and expansion company” means a company which has been issued with a certificate under section 21(3);
“development and expansion company” means a development and expansion company as defined in section 20;
“Part 3 commencement day”, in relation to a Part 3 qualifying activity, has the meaning given to “commencement day” in section 16;
commencement day
“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;
“Part 3 qualifying activity” means any qualifying activity as defined in section 16;
qualifying activity
“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.
“Part 4 commencement day”, in relation to a Part 4 qualifying activity, has the meaning given to “commencement day” in section 20;
“Part 4 qualifying activity” means any qualifying activity as defined in section 20;
“pioneer industry award” means an approval given by the Minister to a company under Part 2 to be a pioneer enterprise for a pioneer product;
pioneer industry
“pioneer industry” means an industry approved under section 4 to be a pioneer industry;
“pioneer service award” means an approval given by the Minister to a company under Part 3 to be a pioneer service company for a Part 3 qualifying activity;
pioneer service company
“pioneer service company” means a company which has been issued with a certificate under section 17;
“pioneer service company” means a pioneer service company as defined in section 16.[20