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Amendment of section 47 of Principal Act
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16. Section 47 of the Principal Act is amended—
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(a) by the deletion of subsection (11), and
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(b) by the insertion of the following subsection after subsection (11):
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“(12) This section shall apply to a charitable organisation that is a company from the commencement of the first financial year of the company that occurs after the coming into operation of section 16 of the Charities (Amendment) Act 2024.”.
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