10(1)  Section 721 (individuals with power to enjoy income as a result of a relevant transaction) is amended as follows.

10(2)  [Amends ITA 2007, s. 721(3).]

10(3)  [Inserts ITA 2007, s. 721(3B) and (3C).]

10(4)  [Amends ITA 2007, s. 721(4).]

10(5)  [Omits ITA 2007, s. 721(5)(a).]

11(1)  Section 724 (special rules where benefit provided out of income of person abroad) is amended as follows.

11(2)  [Amends ITA 2007, s. 724(2).]

11(3)  [Amends ITA 2007, s. 724(3).]

12(1)  Section 725 (reduction in amount charged where controlled foreign company involved) is amended as follows.

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