Clause 3
Amendment of section 10A
of Income Tax (Amendment No. 2) Bill
BillNot in forceProvision 3 of 10
Clause 3
Section 10A(2) of the principal Act is amended —
(a)
by deleting the words “, and includes any unit trust” in the definition of “investment company”;
(b)
by deleting the word “or” at the end of paragraph (a) of the definition of “securities”; and
(c)
by deleting the full-stop at the end of paragraph (b) of the definition of “securities” and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)units in any unit trust within the meaning of section 10B.”.