Malaysia legislation
Section 2
Section 2
The Promotion of Investments Act 1986 [Act 327], which is referred to as the "principal Act" in this Act, is amended in section 5-
(a)
by inserting after paragraph (1D) (b) the following paragraph:
"（c）Any company or person proposing to register a company in Malaysia, being desirous of establishing a medical devices testing laboratory in
Malaysia, may make an application in writing to the Minister for pioneer status provided that such application is received from 8 September 2007 until 31 December 2012.";
(b)
in subsection (1DB)—
(i)
by inserting after the words "participating in a promoted activity or" the words "of producing";
(ii)
by substituting for the full stop at the end of the paragraph a colon; and
(iii)
by inserting the following proviso:
"Provided that where an application is made by a company participating or intending to participate in Malaysia in the generation of renewable energy, which has been prescribed as a promoted activity under the Promotion of Investments (Promoted Activities and Promoted Products for Selected Industries) Order 2008 [P.U. (A) 458/2008], other than for its own consumption, and that company is controlled directly or indirectly by-
(i)
a pioneer company or a company which has been granted approval for the purposes of an investment tax allowance under section 271 participating in the same promoted activity as that company;
(ii)
a company granted pioneer status in relation to the same promoted activity as that company; or
(iii)
a post-pioneer company or a company which has been granted approval for the purposes of an investment tax allowance under section 271 and the period as prescribed under section 29J has ended, such application shall be considered by the Minister if the application is received from 8 September 2007 until 31 December 2010.";
(c)
in subsection (1DC), by inserting after the words "participating in a promoted activity or" the words "of producing";
(d)
in paragraph (1DD) (a)—
(i)
by inserting after the words "in relation to a promoted activity or" the words "of producing"; and
(ii)
in paragraph (ii) of the proviso, by inserting after the words "for that company" the words "in relation to that promoted activity or the production of that promoted product";
(e)
in subsection (1DE)—
(i)
by deleting the words "an existing promoted activity or promoted product relating to"; and
(ii)
in paragraph (b) of the proviso, by inserting after the words "section 14" the words "， $ 1 4 \mathrm {A} $ or $ 1 4 \mathrm {c} $ ；
(f)
by deleting subsection (1DG);
(g)
in subsection (1E)—
(i)
by substituting for the words "， $ 2 7 \mathrm {L} (1) $ or section 270" the words "or $ 2 7 \mathrm {L} (1) $";
(ii)
by substituting for the words "，(1DF) or (1DG)" the words "or (1DF)"; and
(iii)
in the proviso, by substituting for the words " , $ 2 7 \mathrm {L} (1) $ or section 27o" the words "or $ 2 7 \mathrm {L} (1) $"; and
(h)
in subsection (2), by substituting for the words "subsection (1) or (1A)" the words "this section".
Amendment of section 6