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Paragraph 507

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

Amend section 65 (relevant discounted securities) as follows.

(2)

Omit subsections (1) to (6).

(3)

In subsection (8) for “subsections (1) to (7) above have” substitute “ subsection (7) above has ”.

(4)

In subsections (9) and (10) for “subsections (1) to (7)”, “have effect” and “do not affect” substitute “ subsection (7) ”, “ has effect ” and “ does not affect ” respectively.

(5)

In subsections (11) and (12) for “subsections (1) to (7) above have” substitute “ subsection (7) above has ”.