Cap. 325 Art. 24Small enterprises.

(1) Subject to the provisions of article 16(11) and those of article 17(5), the Corporation may, at its discretion, grant to a small enterprise:

(a) (Ceased to have effect as from 1st May, 2004 - see

Legal Notice 42 of 2004.);

*1st November, 2000, as regards paragraphs (a) and (b), and 1st January, 2002, as regards paragraph (c) - see Legal Notice 135 of 2001.

(b) industrial buildings, structures and land on such conditions as the Corporation may from time to time determine;

(c) soft loans as provided in article 16; or

(d) any other incentive or benefit as would be consistent with the aims and objectives of the industrial policy of the Government, as may be prescribed by the Minister by notice in the Gazette.

(2) In subarticle (1) "small enterprise" means a person or a company constituted under Maltese Law which:

(a) carries on or carries out a trade or business contemplated under article 3(1)(a) to (h) or such other trade or business as the Minister may prescribe by notice in the Gazette; and

(b) qualifies as a small enterprise in accordance with regulations prescribed by the Minister in terms of this Act.