Clause 4

The principal Act is amended by inserting, immediately after section 6, the following section:“Valuation by gross receipts6A. The Minister may by order published in the Gazette require the annual value of any property or part thereof falling within such category as may be prescribed to be assessed on the basis of the gross receipts (whether in the preceding or current year) arising from the use of that property for the purposes of any trade or business and such assessment shall be determined in such manner as specified in the order.”.