Clause 3

by deleting paragraph (i) of the proviso to paragraph (e) of subsection (1) thereof and substituting therefor the following: —“(i)a deduction in respect of any such contribution by an employer in respect of an employee for any period —

before 1st July, 1977, shall not exceed fifteen per cent;

commencing on or after 1st July, 1977, and before 1st July, 1978, shall not exceed fifteen and a half per cent; and

commencing on or after 1st July, 1978, shall not exceed sixteen and a half per cent,of the remuneration paid by the employer to the employee for that period, and “remuneration” in this proviso means that part of an employee’s emoluments by reference to which his employer’s contributions are calculated;”; and

by deleting subsection (3) thereof and substituting therefor the following: —“(3) Notwithstanding the provisions of subsection (1) of this section where outgoings and expenses falling within that subsection are incurred, whether directly or in the form of reimbursements, in respect of a motor car (whether or not owned by the person incurring the outgoings and expenses) to which this subsection applies, the sum to be allowed as a deduction shall be limited to the amount which bears to such outgoings and expenses the same proportion as fifteen thousand dollars bear to the capital expenditure incurred by the owner in respect of the motor car, where such capital expenditure exceeds fifteen thousand dollars:Provided that any deduction for the cost of renewal of a motor car to which this subsection applies shall not exceed fifteen thousand dollars.”.