The Principal Act is amended -

(a) in section 288 -

(i) in subsection (1A):

(I) by the substitution of "Notwithstanding the generality of subsection (1)," for "Notwithstanding subsection (1) and subject to this section,",

(II) in paragraph (a), by the substitution of "notwithstanding the fact that but for section 299(1)" for "notwithstanding the fact that", and

(III) in paragraph (b), by the substitution of "a lease of machinery or plant on the terms described in section 299(1) notwithstanding the fact that but for section 299(1)" for "a relevant lease (within the meaning of section 299) in respect of which a valid election or claim under section 299 was made, notwithstanding the fact that",

(ii) in subsection (3), by the substitution of "Subject to subsection (6B), where the sale, insurance, salvage or compensation moneys" for "Where the sale, insurance, salvage or compensation moneys",

(iii) in subsection (6B), by the substitution of "subsections (2) and (3)" for "subsection (2)" in each place where it occurs, and