(y)     any government grant or government scrapping payment received or accrued in terms of any programme or scheme which has been approved in terms of the national annual budget process and has been identified by the Minister by notice in the Gazette with effect from a date specified by the Minister in that notice (including any date that precedes the date of such notice) for purposes of this paragraph, having regard to-

(i)      whether the programme or scheme meets government policy priorities and objectives with respect to-

(aa)    the encouragement of economic growth and investment;

(bb)   the promotion of employment creation;

(cc)    the development of public infrastructure and transport;

(dd)   the promotion of public health;

(ee)    the development of innovation and technology;

(ff)    the provision of housing and basic services; or

(gg)   the provision of relief in the case of natural disasters;

(ii)     the extent to which the programme or scheme will support the policy priorities and objectives contemplated in subparagraph (i);

(iii)    the financial implications for government should government grants or government scrapping payments in terms of that programme or scheme be exempt from tax; and

(iv)    whether the tax implications were taken into account in determining the appropriation or payment in respect of that programme or scheme;

[Paragraph (y) added by section 8 of Act 76 of 1968, deleted by section 10 of Act 101 of 1990, inserted by section 16 of Act 31 of 2005, amended by section 10 of Act 20 of 2006, deleted by section 19 of Act 22 of 2012 and added by section 16 of Act 25 of 2015 effective on 1 January 2013]