(1) The Principal Act is amended -

(a) in section 83 of the Principal Act -

(i) in subsection (3) by deleting "(other than subsection (5))", and

(ii) by deleting subsections (5) and (6),

(b) in section 137(3) by deleting "and the relevant tax credit",

(c) in section 144(8) by substituting the following for the meaning of T:

"T is the amount of the distributions received by the company in the accounting period which is included in its franked investment income of the accounting period with the addition of any amount received by the company in the accounting period to which section 140(3) (a), 141(3) (a), 142(4) or 144(3) (a) applies.",

(d) in section 154 -

(i) by substituting in subsection (1) "and 144" for ", 144 and 145" in each place in which it occurs, and

(ii) by substituting in subsection (6) "the day in question" for "that day",