Clause 37

by inserting, immediately after the word “under” in the last line of paragraph 4(a), the words “paragraph 1 of”;

by inserting, immediately after the word “child” in paragraph 5, the words “under this Schedule or the proviso to section 39(2)(d)”;

by inserting, immediately after the word “shall” in the fifth line of paragraph 7 the words “, without prejudice to any deduction allowable under paragraph 1 or 3 or proviso (i) to section 39(2)(d),”;

by deleting the words “, in addition to the appropriate deduction allowable under paragraph 1, subject to a maximum of $15,000” in the second column of paragraph 7(a), (b), (c) and (e);

by deleting the words “, in addition to the appropriate deduction allowable under paragraph 1, subject to a maximum of $10,000” in the third column of paragraph 7(a), (b), (c) and (e);

by deleting the words “, subject to a maximum of $15,000” in the second column of paragraph 7(d);

by deleting the words “, subject to a maximum of $10,000” in the third column of paragraph 7(d);

by inserting, immediately after paragraph 7, the following paragraph:“7A.—

The total deductions allowable to all individuals under paragraph 1 or 3, proviso (i) to section 39(2)(d) and paragraph 7 in respect of the same child shall be subject to a maximum of $15,000 if the child is under the age of 12 years on the first day of the year preceding the year of assessment or a maximum of $10,000 if the child is of the age of 12 years or above on the first day of the year preceding the year of assessment.(2) For the purpose of sub-paragraph (1), any deduction allowable under paragraph 1 or 3 or proviso (i) to section 39(2)(d) shall first be allowed before a deduction, to the extent allowable under sub-paragraph (1), is allowed under paragraph 7.”; and

by deleting the word “The” in the first line of paragraph 8 and substituting the words “Subject to paragraph 7A, the”.