26. Amendment of section 45I

In the ITA, in section 45I —

in subsections (1)(a) and (3)(d), (e), (f)(i) and (g), replace “31 December 2026” with “31 December 2031”;

in subsection (1)(ca)(i), replace “the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette, to 31 December 2026” with “4 November 2022 to 31 December 2031”;

in subsection (3), replace paragraph (da) with —“(da)at any time during the period from 4 November 2022 to 31 December 2031 (both dates inclusive) under a contract which was varied, where the variation takes effect on or after 4 November 2022 and before the approval date;”; and

in subsection (3)(fa), replace sub‑paragraph (i) with —“(i)the variation takes effect on a date which falls within the period from 4 November 2022 or the approval date (whichever is later) to 31 December 2031 (both dates inclusive); and”.