The provisions of Article 10 of the new Income Tax Act apply to Deposits and Savings, Jointly Managed Trusts, or Securities prescribed in Article 10, paragraph (1) of the new Income Tax Act that an individual who has a domicile in Japan and who is an elderly person or similar person deposits, places in trust, or purchases (hereinafter referred to as "placement" in this Article) on or after April 1, 1988 (or, for ordinary deposits or anything else specified by Cabinet Order as being similar thereto (hereinafter referred to as "ordinary deposits and similar deposits" in this Article), the date specified by Cabinet Order; the same applies in paragraph (4)).