Clause 28

in subsection (1)(c)(ii), delete “or” at the end;

in subsection (1), after paragraph (c), insert —“(ca)under a contract which was varied where —

the variation takes effect on a date which falls within the period from the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette, to 31 December 2026 (both dates inclusive); and

the payment is made on or after the date the variation takes effect; or”;

in subsection (3), after paragraph (d), insert —“(da)at any time during the period from the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette to 31 December 2026 (both dates inclusive) under a contract which was varied, where the variation takes effect on or after the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette and before the approval date;”;

in subsection (3)(f)(ii), delete “or” at the end; and

in subsection (3), after paragraph (f), insert —“(fa)under a contract which was varied where —

the variation takes effect on a date which falls within the period from the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette or the approval date (whichever is later) to 31 December 2026 (both dates inclusive); and

the payment is made on or after the date the variation takes effect; or”.