s 4 Amendment of section 2
The Income Tax Act 1967 [Act 53], which in this Chapter is referred to as the “principal Act”, is amended in subsection 2(1)— (a) in the definition of “approved loan” by inserting after the words “a person” in paragraph (b) the words “pursuant to an application received prior to 25 October 1996”; and (b) in the definition of “royalty” by substituting for subparagraph (a)(i) the following subparagraph: “(i) copyrights, artistic or scientific works, patents, designs or models, plans, secret processes or formulae, trademarks, or tapes for radio or television broadcasting, motion picture films, films or video tapes or other means of reproduction where such films or tapes have been or are to be used or reproduced in Malaysia or other like property or rights;”.