(1) Part 3 of the Principal Act is amended -

(a) in section 37, in subsection (3), by the substitution of "Notwithstanding anything in the Tax Acts, other than Part 35D," for "Notwithstanding anything in the Tax Acts,", and

(b) in section 38, in subsection (3), by the substitution of "Notwithstanding anything in the Tax Acts, other than Part 35D," for "Notwithstanding anything in the Tax Acts,".

(2) Part 12 of the Principal Act is amended -

(a) in section 400, by the insertion of the following subsection after subsection (7):

"(7A) The predecessor shall not be entitled to relief under section 835AAD or 835AAE and the successor shall be entitled to relief under section 835AAD(8) or (10) or, on making a claim, under section 835AAD(3) or section 835AAE(2), for any amount for which the predecessor and would have been entitled to claim relief if the predecessor had continued to carry on the trade.",

(b) in section 401, in subsection (2) -