Clause 36
Amendment of section 43H
of Income Tax (Amendment) Bill
BillNot in forceProvision 36 of 57
Clause 36
In the principal Act, in section 43H —
(a)
in subsections (1)(aa), (ab) and (ac), (2)(a), (b), (c) and (d) and (3), replace “2023” with “2028”;
(b)
in subsections (1)(ac) and (2)(d), replace “prepayment fee, redemption premium or break cost” with “early redemption fee or redemption premium”;
(c)
in subsection (4), delete the definitions of “break cost”, “financial institution”, “prepayment fee”, “qualifying debt securities” and “redemption premium”; and
(d)
in subsection (4), after the definition of “debt securities”, insert —“ “early redemption fee”, “financial institution”, “qualifying debt securities” and “redemption premium” have the meanings given by section 13(16);”.