8. Amendment of section 16D of the principal enactment

Section 16D of the principal enactment as last amended by Act, No. 8 of 2012 is hereby further amended by the substitution for the words “whichever occurs earlier.”, of the words “whichever occurs earlier where such undertaking is not formed by the splitting up or reconstruction or acquisition of any business which was previously in existence.

For the purposes of this section “the investment” means the cost of any land, plant, machinery, equipment and other fixed assets.”.