Cap. 325 Art. 34Cumulative incentives and choice.

(1) A qualifying company or other beneficiary may be granted and obtain more than one form of incentive or benefit under this Act.

(2) A qualifying company or other beneficiary may, at any time, by notice in writing, elect not to be granted or to take any incentive or benefit otherwise due to it under the provisions of this Act. Such notice shall specify the date from which its election shall be operative, which date shall invariably be the first day of a year, or of a year of assessment or of any other financial period, and shall be irrevocable and indefinite in respect of the matters on account of which it has been made: Provided that, notwithstanding anything contained in article 61(1), a qualifying company which so elects not to be granted or to take any incentive or benefit otherwise due to it under the provisions of this Act, shall not be precluded from being granted any incentive or benefit of a similar nature granted under the provisions of the Aids to Industries Ordinance.