(cQ)  the receipts and accruals of any small business funding entity approved by the Commissioner in terms of section 30C, to the extent that the receipts and accruals are derived-

(i)      otherwise than from any business undertaking or trading activity; or

(ii)     from any business undertaking or trading activity-

(aa)    if the undertaking or activity-

(A)    is integral and directly related to the sole or principal object of that small business funding entity;

(B)    is carried out or conducted on a basis substantially the whole of which is directed towards the recovery of cost; and

(C)    does not result in unfair competition in relation to taxable entities;

(bb)   if the undertaking or activity is of an occasional nature and undertaken substantially with assistance on a voluntary basis without compensation;

(cc)    if the undertaking or activity is approved by the Minister by notice in the Gazette, having regard to-

(A)    the scope and benevolent nature of the undertaking or activity;

(B)    the direct connection and interrelationship of the undertaking or activity with the sole or principal object of the small business funding entity;

(C)    the profitability of the undertaking or activity; and

(D)    the level of economic distortion that may be caused by the tax exempt status of the small business funding entity carrying out the undertaking or activity; or

(dd)   other than an undertaking or activity in respect of which item (aa), (bb) or (cc) applies and do not exceed the greater of-

(A)    5 per cent of the total receipts and accruals of that small business funding entity during the relevant year of assessment; or

(B)    R200 000;

[Paragraph (cQ) inserted by section 14 of Act 43 of 2014 effective on 1 March 2015]