As respects the year of assessment 2010 and subsequent years of assessment, section 122 of the Principal Act is amended in subsection (1)(a) -
(a) by inserting the following after the definition of "preferential rate":
"'qualifying loan' has the meaning assigned to it by section 244(1)(a);",
and
(b) by substituting for paragraph (i) of the definition of "the specified rate" the following:
"(i) in a case where the preferential loan is a qualifying loan, the rate of 5 per cent per annum or such other rate (if any) prescribed by the Minister for Finance by regulations,".