s 3 Commencement of amendments to the Income Tax Act 1967
(1) Except for sections 4, 5, 6, 7, 8, 10, 11, 12, 13, 15, 16, 18 and paragraph 19(h) the provisions of this Chapter shall have effect for the year of assessment 1987 and subsequent years of assessment: Provided that paragraphs 9(c) and (e) shall cease to have effect from— (i) year of assessment 1988 where the gross premiums receivable by the insurer during the basis period for year of assessment 1986 on account of all Malaysian life policies in force at the end of that period, amount to fifty million ringgit or more; (ii) year of assessment 1990 where the gross premiums receivable by the insurer during the basis period for year of assessment 1986 on account of all Malaysian life policies in force at the end of that period, amount to ten million ringgit or more but less than fifty million ringgit; and (iii) year of assessment 1992 where the gross premiums receivable by the insurer during the basis period for year of assessment 1986 on account of all Malaysian life policies in force at the end of that period, is less than ten million ringgit. (2) Sections 5, 7 and 12 shall be deemed to have come into force on 21 October 1983. (3) Sections 4, 6, 10, 11, 13, 15 and 18 shall be deemed to have come into force on 24 October 1986. ††NOTE—The Stamp Ordinance (Sabah) [Sabah Cap. 137] has since been wholly repealed except for section 83 by the Stamp (Amendment and Extension) Act 1989 [Act A723]–see the Schedule of Act A723. (4) Section 8 shall be deemed to have come into force on 1 January 1986. (5) Section 16 shall be deemed to have effect from the year of assessment 1984. (6) Paragraph 19(h) shall have effect for the year of assessment 1988 and subsequent years of assessment.