Section 960R of the Principal Act is amended -

(a) in subsection (1) by inserting the following definition:

"'market value', in relation to property, means the price which that property might reasonably be expected to fetch if sold in the open market;",

(b) in subsection (3) by substituting " within 30 days of the giving of the notice a statement of affairs" for "within such time specified in the notice or within such period as the Collector-General may allow a statement of affairs",

(c) in subsection (5) -

(i) in paragraph (a) by inserting "and a statement of all the person's income and outgoings in respect of such period or periods as may be specified in the notice" after "is liable on the specified date",

(ii) in paragraph (b) by inserting "and a statement of all the income and outgoings of the second-mentioned person in respect of such period or periods as may be specified in the notice" after "the specified date",

(iii) in paragraph (c) by inserting "and a statement of all the income and outgoings of the trust in respect of such period or periods as may be specified in the notice" after "the specified date", and