Singapore legislation

Clause 3

of Income Tax (Amendment No. 2) Bill

Clause 3

Amendment of section 10A

Section 10A(2) of the principal Act is amended —

(a)

by deleting the words “, and includes any unit trust” in the definition of “investment company”;

(b)

by deleting the word “or” at the end of paragraph (a) of the definition of “securities”; and

(c)

by deleting the full-stop at the end of paragraph (b) of the definition of “securities” and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)units in any unit trust within the meaning of section 10B.”.

Read in full context — Income Tax (Amendment No. 2) Bill →