Investment Incentives Order, 2001 · As enacted · Part II
Section 26th
Official textFrom Attorney General's Chambers, unchanged
2001
Where the Minister is satisfied that it is expedient in the public interest to do so and, in particular, having regard to the production or anticipated production of the pioneer product from all sources of production in Brunei
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
Darussalam, he may approve that company a pioneer enterprise and issue a pioneer certificate to the company, subject to such terms and conditions as he thinks fit
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
Every pioneer certificate issued under this section shall specify-fa} the date on or before which it is expected that the pioneer enterprise will commence to produce in marketable quantities the product specified in the certificate; and
pioneer certificate
"pioneer certificate" means a pioneer certificate issued under section 5;
the rate of production of that product which it is expected will be attained on or before that date, and that date shall be deemed to be the production pay of the pioneer enterprise for the purposes of this Order.
·
The Minister may, in his discretion, upon the application of any pioneer enterprise, amend its pioneer certificate by substituting for the production day specified therein such earlier or later date as he thinks fit and thereupon the provisions of this Order shall have effect as if the date so substituted were the production day in relation to that pioneer enterprise.
pioneer enterprise
"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
Tax relief period of pioneer enterprise.
Terms defined in s 3
company
Defined · s 3"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
pioneer certificate
Defined · s 3"pioneer certificate" means a pioneer certificate issued under section 5;
pioneer enterprise
Defined · s 3"pioneer enterprise" means any company which has been approved by the Minister and to which a pioneer certificate has been issued under section 5;
pioneer product
Defined · s 3"pioneer product" means a product declared under section 4 to be a pioneer product;
Part III
Part IV
Part VI
Part VII
Part VIII
Part IX
International Trade Incentives
Part X
Foreign Loans for Productive Equipment
Part XI
Investment Allowances
Part XII
Part XIII