Clause 12
Amendment of section 16
of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
BillNot in forceProvision 12 of 41
Clause 12
Section 16 of the principal Act is amended by deleting the definition of “commencement day” and substituting the following definition:“ “commencement day”, in relation to a qualifying activity that is approved under section 17(2) for a pioneer service company, means the date specified in the pioneer service company’s certificate under section 17(4)(b) or (6)(a) or (c) as the commencement day of that qualifying activity;”.