(1) Section 731 of the Principal Act is amended in subsection (5)(a)(iii) -

(a) in clause (I), by the deletion of "and",

(b) in clause (II)(B), by the substitution of "may require, and" for "may require.", and

(c) by the insertion of the following clause after clause (II):

"(III) specifies in respect of the unit trust -

(A) the business undertaken by the unit trust, namely those activities involving the assets of the unit trust used to generate gains of the unit trust which, in accordance with subparagraph (i), are not chargeable gains, including, but not limited to, activities which would be regarded as material to the operation of the unit trust, and

(B) the net asset value of the unit trust.".

(2) Section 739I of the Principal Act is amended -

(a) in subsection (4) -

(i) in paragraph (a), by the deletion of "and",