(1) Section 79 of the Principal Act is amended -

(a) in subsection (3) -

(i) by substituting "ordinary share capital" for "issued share capital" in the first 2 places where it occurs, and

(ii) by substituting the following for paragraphs (a), (b) and (c):

"(a) references to company were references to body corporate, and

(b) references to companies were references to bodies corporate.",

(b) by inserting the following after subsection (3):

"(3A) For the purposes of subsection (3) 'ordinary share capital', in relation to a body corporate, means all the issued share capital (by whatever name called) of the body corporate, other than capital the holders of which have a right to a dividend at a fixed rate, but have no other right to share in the profits of the body corporate.",

and

(c) by inserting the following after subsection (8):