Obligation to pay tax-privileged investors

(1) The investment fund must pay to the tax-privileged investors an amount equal to the tax not levied under sections 8 and 10 and the tax refunded under section 7(5) or under section 11(1), first sentence, no. 2 (exemption amount).
(2) The providers of retirement provision or basic pension contracts must reinvest the exemption amount for the benefit of the beneficiaries under the retirement provision or basic pension contracts. An entitlement to reinvestment exists only where a retirement provision or basic pension contract exists at the time the exemption amount accrues to the provider (reference date). The amount to be reinvested is determined by the number of investment units held under the contract on the reference date, in proportion to the total amount received.