(1) Section 481 of the Principal Act is amended -

(a) in subsection (1) -

(i) by the insertion of the following definitions:

"'EEA Agreement' means the Agreement on the European Economic Area signed at Oporto on 2 May 1992 as adjusted by all subsequent amendments to that Agreement;

'EEA state' means a state, other than the State, which is a contracting party to the EEA Agreement;

'key creative role', in relation to a qualifying film, means -

(a) the film director,

(b) the film screenwriter, or

(c) any other such similar creative role of appropriate seniority as may be specified in regulations made under subsection (2E);

'lower budget film' means a qualifying film -

(a) which is a feature film or animated film of feature length,

(b) in the production of which one or more key creative roles are performed by individuals who are nationals of, or ordinarily resident in, the State or another EEA state, and