(1) In this section -
'Act of 2005' means the Social Welfare Consolidation Act 2005;
'basis period', in relation to a year of assessment, means the period on the profit or gains of which income tax for the year of assessment is to be finally computed under the Income Tax Acts;
'continuous period of unemployment' has the meaning assigned to it in section 141(3) of the Act of 2005;
'crediting contribution' means a crediting contribution provided for by regulations made under section 33 of the Act of 2005;
'new business' means a trade or profession which is set up and commenced by a qualifying individual during the period beginning on 25 October 2013 and ending on 31 December 2018, other than a trade or profession -
(a) which was previously carried on by another person and to which the qualifying individual has succeeded, or
(b) the activities of which were previously carried on as part of another person's trade or profession;
'qualifying individual' means an individual who commences a ne
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