①The provisions of Article 67-17, paragraphs (1) through (3) of the New Act on Special Measures Concerning Taxation apply to income arising from the holding or transfer of separated book-entry government bonds prescribed in paragraph (1) of that Article for which a foreign corporation receives a book-entry transfer record, etc. prescribed in that paragraph on or after the Effective Date, or to the loss amount prescribed in paragraph (2) of that Article (hereinafter referred to as the "loss amount" in this Article), and to income or the loss amount arising on or after the Effective Date from the holding or transfer of separated book-entry government bonds prescribed in Article 67-17, paragraph (1) of the Former Act on Special Measures Concerning Taxation for which a book-entry transfer record, etc. prescribed in that paragraph was received before the Effective Date (limited to those for which the return for application of tax exemption referred to in item (i) of that paragraph has been submitted pursuant to the provisions of that item; hereinafter referred to as "old separated book-entry government bonds" in this Article), and the provisions then in force continue to govern income that arose before the Effective Date from the holding or transfer of old separated book-entry government bonds, or the amount of losses prescribed in Article 67-17, paragraph (2) of the Former Act on Special Measures Concerning Taxation or any other amount specified by Cabinet Order (referred to as the "amount of losses, etc." in the following paragraph).

②The provisions of Article 67-17, paragraph (4) of the New Act on Special Measures Concerning Taxation apply to income or the loss amount arising from the holding or transfer of separated book-entry government bonds prescribed in paragraph (1) of that Article that belong to the trust property of a foreign investment trust prescribed in paragraph (4) of that Article (hereinafter referred to as a "foreign investment trust" in this paragraph) for which a foreign corporation that is the trustee of a foreign investment trust prescribed in that paragraph (hereinafter referred to as a "foreign corporation that is a trustee" in this paragraph) receives, on or after the Effective Date, a book-entry transfer record, etc. prescribed in paragraph (1) of that Article, and to income or the loss amount arising on or after the Effective Date from the holding or transfer of old separated book-entry government bonds that belong to the trust property of a foreign investment trust, and the provisions then in force continue to govern income or the amount of losses, etc. that arose before the Effective Date from the holding or transfer of old separated book-entry government bonds that belong to the trust property of a foreign investment trust of a foreign corporation that is a trustee.