Economic Expansion Incentives (Relief from Income Tax) Act 1967 · 2020 Revised Edition · Part 5 · Transfer of Awards
30. Application of this Part
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This Part applies where, because of a transfer or proposed transfer to a company (called in this Part a transferee company) of any business of a pioneer enterprise, pioneer service company or development and expansion company (called in this Part a transferor company) to which the transferor company’s pioneer industry award, pioneer service award or development and expansion award (as the case may be) relates —
company
“company” means any company incorporated or registered in accordance with the provisions of any written law relating to companies;
a pioneer product under the pioneer industry award (called in this Part the subject product) is or will be produced by the transferee company instead of the transferor company;
a Part 3 qualifying activity under the pioneer service award (called in this Part the subject activity) is or will be engaged in by the transferee company instead of the transferor company; or
a Part 4 qualifying activity under the development and expansion award (also called in this Part the subject activity) is or will be engaged in by the transferee company instead of the transferor company.
In subsection (1), a transferee company includes a company that results from an amalgamation or merger involving the transferor company.[21