Clause 6

by deleting the words “31 March 2022” in subsection (2) and substituting the words “31 December 2027”; and

by inserting, immediately after subsection (6), the following subsection:“(6A) Any expenses, losses or allowances incurred or claimed by an approved not‑for‑profit organisation during the period of its approval under subsection (3) or (4) that remain unabsorbed at the end of that period, are not available as a deduction against any of its income for the year of assessment which relates to the basis period in which the approval of the approved not‑for‑profit organisation expires or is withdrawn, or any subsequent year of assessment.”.