2. Interpretation
In this Act —
“Board” means the Board of Invest Saint Lucia established under section 3;
“chairperson” means the chairperson of the Board appointed under section 4;
“deputy chairperson” means the deputy chairperson of the Board appointed under section 4;
“industrial enterprises” includes hotels and commercial undertakings of any kind;
“Invest Saint Lucia” means the body corporate constituted as the National Development Corporation and preserved and continued as Invest Saint Lucia under section 3;
“investor” means a person who provides capital towards an enterprise that promotes or tends to promote, stimulates or tends to stimulate economic development, but does not include any business activity which does not have as its aim or in its effect the stimulation or promotion of economic development but merely relies on the anticipated appreciative value of an asset, particularly land;
“member of the Board” includes the chairperson or deputy chairperson;
“Minister” means the Minister responsible for investment except where this Act specifically designates another Minister;
“person” includes a corporation or unincorporated body;
“Regulations” means Regulations made under section 52;
“relevant Minister” in relation to —
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(a) fiscal incentives, means the Minister responsible for industry;
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(b) trade licences, means the Minister responsible for commerce;
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(c) work permits, means the Minister responsible for labour;
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(d) tourism incentives, means the Minister responsible for tourism;
“repealed Act” means the National Development Corporation Act repealed under section 53; and
“secretary” means the secretary to the Board appointed under section 16.