Section 28B: Savings
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
28B. Savings
(1) Any investment certificate issued under the repealed Part III and in
force on the date immediately before 1 October 2006 shall be deemed to be
an IRS certificate or a freeport certificate under this Act.
(2) Any investment certificate in respect of an Integrated Resort Scheme
issued under this Act, or a freeport certificate issued under the Freeport Act,
and in force on the date immediately before 1 October 2006 shall be deemed
to be an IRS certificate or a freeport certificate under this Act.
I22 – 17 [Issue 9]
Investment Promotion Act
(3) (a) Any IRS certificate or RES certificate issued under the Real Estate
Development Scheme and in force on 14 May 2015 shall continue to remain
in force.
(b) Notwithstanding the repeal of the provisions relating to an IRS
certificate or a RES certificate under this Act, those provisions shall continue
to apply to any application made for an IRS certificate which is pending on or
before 22 March 2015.
[S. 28B inserted by s. 6 (h) of Act 21 of 2006 w.e.f. 1 December 2006;
amended by s. 31 (p) of Act 9 of 2015 w.e.f. 14 May 2015.]
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SCHEDULE
[Sections 2 and 12]
PART I – CRITERIA FOR REGISTRATION