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Clause 46

Volume 116: debated on Tuesday 12 May 1987

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Question proposed, That the clause stand part of the Bill.

The clause is designed to improve the effectiveness of the business expansion scheme for film production companies. Film production is already a qualifying activity, but to meet the conditions a company must have engaged in film production throughout the three-year qualifying period. In future, a company will qualify if it is engaged throughout the period either in the production of films or in the distribution of films produced during the period. The change will apply to shares issued on or after 17 March. I hope that this change will be of assistance to the industry.

Question put and agreed to.

Clause 46 ordered to stand part of the Bill.

Clauses 54 to 56 ordered to stand part of the Bill.