Clause 41

by inserting, immediately after subsection (3A), the following subsections:“(3B) The Minister may, by rules made under section 7, substitute the rate in subsection (3) with a higher or lower rate (including 0%) for any SRS member or class of SRS members that is or are subject to that subsection, and subsection (3) applies to that SRS member or class of SRS members accordingly.(3C) The rules mentioned in subsection (3B) may —

provide that the substitute rate applies only if such conditions as may be specified in the rules are satisfied; and

prescribe different substitute rates for different SRS members or classes of SRS members.”;

by deleting the words “22%, then the reference to the rate of 22% in subsection (3)” in subsection (5) and substituting the words “22% or the rate prescribed by the rules mentioned in subsection (3B) in substitution for it, then the reference to the rate of 22% or the substitute rate”;

by inserting, immediately after the words “subsection (8)(a)” in subsection (9), the words “and in the manner mentioned in subsection (9A)”; and

by inserting, immediately after subsection (9), the following subsection:“(9A) The notice under subsection (9) must be given using the electronic service, except that the Comptroller may in any particular case or class of cases permit the notice to be given in any other manner.”.