Clause 43

by deleting the definition of “local forces” in section 2(1);

by —

deleting paragraph (s) of section 13(1);

deleting subsections (8A) to (8D) of section 13 and subsections (1A), (1B), (1C), (3A), (5A) and (8A) of section 37E; and

repealing sections 14M and 43U;

by deleting “43U,” in paragraph (b) of the definition of “concessionary rate of tax” in section 14D(5);

by deleting “14M,” in section 15(2);

by deleting the words “or any of the 3 immediate preceding years of assessment under section 37E(1A), as the case may be” in the following provisions:

section 23(3);

paragraph (a) of the definition of “carry‑back deductions” in sections 36A(10) and 36C(8);

section 37(6);

by deleting “43U” in the following provisions and substituting in each case the words “43U (repealed)”:

paragraph (b) of the definition of “higher rate of tax” or “lower rate of tax” in section 37B(7);

paragraph (b) of the definition of “concessionary rate of tax” in section 37E(17);

by deleting the words “or any of the 3 immediate preceding years of assessment (as the case may be)” wherever they appear in section 37E(4) and (6);

by deleting the words “or any one of the 3 immediate preceding years of assessment (as the case may be)” in section 37E(11) and (12); and

by deleting the words “that preceding year of assessment” in section 37E(11) and (12) and substituting in each case the words “the immediate preceding year of assessment”.