Malaysia legislation
Section 21
Section 21
Amendment of section 26i
(a)
in subsection (1a)—
(i)
by substituting for the words “the Promotion of
Investments (Promoted Activities and Promoted
Products for Selected Industries) Order 2008
[P.U. (A) 458/2008]” the words “section 4d”;
(ii)
in paragraph (a), by substituting for the words
“section 27i” the words “subsection 27i(1)”;
(iii)
in paragraph (c), by substituting for the words
“section 27i and the period as prescribed under section 29j has ended” the words “subsections 27i(1), (2) and (3) and the period as prescribed under subsections 29j(1), (2), (3) and (4) has ended”; and
(iv)
by substituting for the words “31 December 2010”
the words “31 December 2015”; and
(b)
by inserting after subsection (1a) the following subsection:
“(1b) Notwithstanding subsections (1) and (1a), where an application is made by a company participating or intending to participate in Malaysia in the generation of renewable energy for own consumption, which has been prescribed as a promoted activity under section 4d, and that company is controlled directly or indirectly by—
(a)
a pioneer company or a company which has been granted approval for the purposes of an investment tax allowance under subsection 27i(1a) participating in the same promoted activity as that company;
(b)
a company granted pioneer status in relation to the same promoted activity as that company; or
(c)
a post-pioneer company or a company which has been granted approval for the purposes of an investment tax allowance under subsections 27i(1a), (2) and (3) and the period as prescribed under subsections 29j(2a), (3a) and (4) has ended, such application shall be considered by the
Minister if the application is received from 8
September 2007 until 31 December 2015.”.
Amendment of section 26k