Cap. 463 ст. 2Interpretation.

In this Act, unless the context otherwise requires -

"beneficiary" means any person who is entitled to benefit under an incentive scheme or arrangement in terms of this Act;

"the Board" means the Board of Directors of the Corporation established under article 10;

"the Chairman" means the Chairman of the Board of Directors appointed under article 11;

"the chief executive officer" means the chief executive officer of the Corporation appointed under article 13;

"committee" means a committee of the Corporation established under articles 16 and 17;

"the Corporation" means Malta Enterprise, a corporation established under article 7 and where any other authority or person is designated by regulations prescribed by the Minister to be the competent authority to exercise any of the functions of the Corporation under this Act, includes such other authority or person to the exclusion of the Corporation; "directors" means the members appointed to the Board of Directors of the Corporation under article 10; "effective date" means the date, established by the Minister, for the coming into force of this Act; "enterprise" means the carrying on of any economic activity in Malta; "existing projects" means any project already approved by the Corporation and entitled to or benefiting from any grants or incentives under the Business Promotion Act;

"financial year" means any period of twelve months ending on the 31st day of December of each year or such other date as may be determined by the Board with the concurrence of the Minister: Provided that the first financial year of the Corporation shall commence on the coming into force of this article and shall end on the 31st day of December of the next following year; "guidelines" means the set of rules issued by the Corporation from time to time for the further implementation of the provisions of this Act, and any regulations issued hereunder, including the definition, application, administration, grant and revocation of schemes, incentives and other arrangements for the promotion of enterprise in Malta;

"Incentive Entitlement Certificate" means a certificate issued in terms of Part VI of this Act;

"Malta" has the same meaning as is assigned to it by article 124 of the Constitution of Malta;

"the Minister" means the Minister responsible for Malta Enterprise and includes, to the extent of the authority given, any person authorised in that behalf for any purpose of this Act; "relevant legislation" means -

(i) the Business Promotion Act, and regulations made thereunder, and in particular the Business Promotion Regulations;

(ii) the Malta Development Corporation Act, and any regulations made thereunder;

(iii) the Small Enterprises (Loan Guarantee) Act, and any regulations made thereunder;

(iv) the Aids to Industry Ordinance, and any regulations made thereunder; and

(v) the Encouragement of New Industries Act, and any regulations made thereunder;

"secretary" means the secretary of the Board; "State Aid Monitoring Board" means the State Aid Monitoring Board constituted under article 57 of the Business Promotion Act; "tax" shall have the same meaning as assigned to it in the Income Tax Acts; "undertaking" means any individual or body of persons, whether having a distinct legal personality or not, who or which carries on any form of enterprise including the exercise of any trade or business, profession or vocation and includes any association or other body of persons which promotes or supports the goals and objectives of such undertakings.