(1) Section 838 of the Principal Act is hereby amended -
(a) in subsection (1)(a) -
(i) in the definition of "relevant investment" by the insertion -
(I) after "means an investment in" of "fully paid-up", and
(II) after "acquired by a designated broker" of "at market value", and
(ii) by the insertion after the definition of "relevant investment" of the following definition:
"'relevant period' means -
(a) the period commencing on the date on which the first specified deposit was made by an individual in respect of a relevant investment and ending on the fifth anniversary of that date, and
(b) each subsequent period of five years;",
(b) in subsection (2)(c), by the substitution for "at any time on or after the fifth anniversary of the date on which the first specified deposit was made by an individual in respect of that relevant investment" of "on the date on which each relevant period ends",
(c) in subsection (3), by the substitution for "; but that Chapter shall so apply as if, in rela
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