s 4
The income Tax Act 1967, which is referred to as the “principal Act” in this chapter, is amended in subsection 2(1)— (a) by inserting after the definition of “co-operative society” the following definition: ‘ “deferred annuity” means deferred annuity contracted on or after 1 January 2014 issued by insurers licensed under the Financial Services Act 2013 [Act 758] or takaful operators registered under the islamic Financial Services Act 2013 [Act 759], and contains the Retirement Saving Standards approved by the central Bank;’; (b) by inserting after the definition of “partnership” the following definition: ‘ “permanent total disablement” has the same meaning assigned to it in the Employees’ Social Security Act 1969 [Act 4];’; and (c) by inserting after the definition of “Securities commission” the following definition: ‘ “serious disease” means acquired immunity deficiency syndrome, Parkinson’s disease, cancer, renal failure, leukaemia or other similar diseases;’. new section 4c