Clause 5

by deleting the words “Federal Minister” appearing in subsection (2) thereof and substituting therefor the word “President”;

by deleting subsection (3) thereof;

by deleting subsections (5) and (6) thereof and substituting therefor the following: —“(5) The obligation as to secrecy imposed by this section shall not prevent the disclosure to the authorised officers of the Government of any other country of such facts as may be necessary —

to enable the proper relief from income tax to be given in either country, where provision exists for the granting of relief in respect of taxes paid in the other country; or

for the avoidance of double taxation and the prevention of fiscal evasion in either country, where an arrangement under section 49 of this Ordinance is in operation between the Government of that country and the Government of Singapore.(6) Notwithstanding anything contained in this section, the Comptroller shall permit the Minister, the Auditor or any officer duly authorised in that behalf by the Auditor to have such access to any records or documents as may be necessary for the performance of his official duties. The Minister, the Auditor or any such officer shall be deemed to be a person employed in carrying out the provisions of this Ordinance for the purposes of this section.”; and

by deleting subsections (8), (9) and (10) thereof and substituting therefor the following: —“(8) Notwithstanding anything contained in this section, the Comptroller may transmit to the Comptroller of Property Tax any information which may be required in the performance of his duties by that Comptroller, or may permit such access to any records or documents as may be necessary for such purposes.”.