Section 257JE — Income Tax Act 2007: Meaning of “social impact contract”

Meaning of “social impact contract” 257JE 1 In this Part “ social impact contract ” means a contract that meets such criteria as may be specified in regulations made by the Treasury.

2 The criteria which may be specified under subsection (1) include, in particular, criteria as to a party to the contract other than the company seeking accreditation.

3 Criteria may be specified in regulations under subsection (1) by reference to material published by, or on behalf of, a Minister of the Crown after the making of the regulations (as well as by reference to material published before the making of the regulations).

4 Regulations under subsection (1) may make different provision for different cases or circumstances or in relation to different areas.