Investment Incentives Order, 2001 · As enacted · Part XI · Investment Allowances
79. Interpretation of this Part
Official textFrom Attorney General's Chambers, unchanged
For the purposes of this Part, unless the context otherwise requires-
"approved project" means a project approved by the Minister under subsection (2) of section 80;
Minister
"Minister" means the Minister charged with the responsibility for industrial development;
"construction operations" means
{a}
construction, alteration, repair, extension or demolition of buildings and structures;
{b}
construction, alteration, repair, ex~nsion or demolition of any works forming, or to form, part of any land; or
{c} any operations which form an integral part of, or are preparatory to, or are for renderings complete the operations described in paragraph {a) or {b) including site clearance, earth-moving excavation, laying of foundations, site restoration, landscaping and the provision of drains and of roadways and other access works;
"fixed capital expenditure" means capital expenditure to be incurred on an approved project by a company on factory building (excluding land)
fixed capital expenditure
"fixed capital expenditure" means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Brunei Darussalam;
in Brunei Darussalam, on the acquisition of any know-how or patent rights, and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Brunei Darussalam, and the reference to factory building in this definition shall, in relation to a project under paragraph (b}, {c}, {d},
productive equipment
"productive equipment" means machinery or plant which would normally qualify for deduction under sections 16, 17 and 18 of the Income Tax Act;
(f} or (g} of subsection (1) of section 80, include a building or structure specially designed and used for carrying out that project;
"investment day", in relation to a company, means the date specified in its certificate as the date from which the company shall qualify for the investment allowance;
company
"company" means any company incorporated or registered in accordance with the provisions of any written law relating to companies; 1307 26th.
"research and development" has the same meaning as in the Income
Tax Act (Chapter 35).
For the purposes of this Part, fixed capital expenditure shall not be deemed to be incurred by a company unless -
1351
{a}
in the case of any factory building or productive equipment to be constructed or installed on site, the expenditure is attributable to
BRUNEI DARUSSALAM GOVERNMENT GAZETTE payment against work done in the construction of the building or the construction or installation of the productive equipment;
{b)
in the case of any productive equipment, other than that to be constructed or installed on site, the company has received delivery of the equipment in Brunei Darussalam.
Terms defined in this Act
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.
fixed capital expenditure
Defined · s 88"fixed capital expenditure" means capital expenditure to be incurred on any building (excluding land) and on any new productive equipment (and, subject to the approval of the Minister, on any secondhand productive equipment) to be used in Brunei Darussalam;
Minister
Defined · s 3"Minister" means the Minister charged with the responsibility for industrial development;
productive equipment
Defined · s 3"productive equipment" means machinery or plant which would normally qualify for deduction under sections 16, 17 and 18 of the Income Tax Act;
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Part XIII