(1) The Principal Act is amended by inserting the following after section 128B:
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(1) In this section - |
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' chargeable amount ' has the same meaning as it has in subsection (6), computed in accordance with subsection (8); |
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' chargeable event ' has the meaning given in subsection (7); |
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' collective investment scheme ' means any scheme or arrangement made for the purpose, or having the effect, of providing facilities for the participation by persons, as beneficiaries, in profits or income arising from the acquisition, holding, management or disposals of assets; |
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' convertible securities ' shall be construed in accordance with subsection (4); |
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'director' and ‘employee' have the meanings respectively assigned to them by section 770(1); |
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' interest ', in relation to securities, includes an interest in securities which is less than full beneficial ownership and an interest in the proceeds of the sale of them, but does not include a right to acquire securities; |