12. (1) In clause 11 (1) (a) of the Act, the prescribed percentage of directors is 40 per cent. (2) In clause 11 (1) (b) of the Act, the prescribed percentage of equity provided by community investment share corporations is 40 per cent. (3) In clause 11 (1) (c) of the Act, the prescribed percentage of equity provided with government financial assistance is 75 per cent. (4) In clause 11 (1) (f) of the Act, “development of the eligible business” does not include the use of the investment by the eligible business for, (a) lending; (b) investing in or purchasing real property not immediately required for business purposes; (c) acquiring securities; (d) paying dividends; or (e) purchasing goods or services from a major shareholder or an associate of a major shareholder of the eligible business. (5) For the purposes of clause 11 (1) (h) of the Act, a community investment share corporation and an eligible business are related if any shareholder of the community investment share corporation, at the time of the investment in the eligible business, or at any time during the two years immediately before the investment, was a shareholder, director or officer of the eligible business, unless, (a) the eligible business is a business corporation incorporated under the Business Corporations Act or the Canada Business Corporations Act and, (i) the eligible business and the community investment share corporation each have a minimum of fifty shareholders, and (ii) no shareholder and any associates have together contributed more than 5 per cent of the share capital of the eligible business or the community investment share corporation; (b) the eligible business is a co-operative corporation incorporated under the Co-operative Corporations Act or the Canada Cooperative Associations Act and, (i) the eligible business and the community investment share corporation each have a minimum of fifty shareholders, and (ii) no shareholder and any associates have together contributed more than 5 per cent of the share and loan capital of the eligible business or more than 5 per cent of the share capital of the community investment share corporation; (c) the eligible business is a worker co-operative incorporated under the Co-operative Corporations Act and, (i) the co-operative has a minimum of ten shareholders, (ii) no shareholder and any associates have together contributed more than 10 per cent of the share and loan capital of the co-operative, (iii) the five largest shareholders and any associates have together contributed no more than 49 per cent of the share and loan capital of the co-operative, and (iv) shareholders of the eligible business have together contributed no more than 40 per cent of the share capital of the community investment share corporation; or (d) the eligible business is a co-operative incorporated under the Co-operative Corporations Act or the Canada Cooperative Associations Act and, (i) the co-operative is engaged in processing, distributing or marketing agricultural, aquacultural, forestry or natural resource products or livestock, (ii) the co-operative has a minimum of twenty-five shareholders, (iii) no shareholder and any associates have together contributed more than 10 per cent of the share and loan capital of the co-operative, (iv) the ten largest shareholders and any associates have together contributed no more than 49 per cent of the share and loan capital of the co-operative, and (v) shareholders of the eligible business have together contributed no more than 40 per cent of the share capital of the community investment share corporation. O. Reg. 45/94, s. 12.