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of relevant expenditure but is not an amount of eligible relevant expenditure.".

Deductions in respect of Income Equalization Deposits
8. (1) Section 159gc of the Principal Act is amended—
     (a) by omitting from sub-section (4) "40 per centum" (wherever occurring) and substituting "60%"; and

     (b) by omitting from sub-section (5) "$100,000" (wherever occurring) and substituting "$250,000".
(2) The amendments made by sub-section (1) apply to assessments in respect of income of the year of income that commenced on 1 July 1978 and in respect of income of all subsequent years of income.