Section 20F: Exemption from income tax

A pension, benefit or refund paid under this Act shall be exempt from income tax." Section 23 of the principal Act is amended- (a) in subsection (1), by substituting for the word "parliamentary commission", the word "board"; (b) in subsection (2), by- (i) substituting for the word "parliament" the word "AGM"; and (ii) substituting for the words appearing after the word "months" the words "from the date of submission to the board." 23 the following- "23A. Dispute resolution. (1) Where the board decides in respect of any member- (a) that a pension or other benefit may not be granted under this Act; or (b) that a pension or other benefit which may be or has been granted under this Act shall be withheld, reduced in amount or suspended, the member or, if he or she is dead, his or her spouse, dependant, beneficiary or nominee may, within ninety days of being informed of the decision, apply in writing to the board for the case to be referred to an arbitrator in accordance the Arbitration and Conciliation Act". The principal Act is amended by substituting for section 24 the "24. Regulations. (1) The board in consultation with the Parliamentary Commission may, by statutory instrument, make regulations for the effective implementation of this Act. (2) The board in consultation with the Parliamentary Commission may, by statutory instrument amend schedules 1 and 2 to this Act. (3) A statutory instrument made under this section shall be laid before Parliament and Parliament shall pronounce itself on the statutory instrument by way of a Resolution within twenty one days from the date on which it is so laid." Section 25 of the principal Act is amended by substituting for the word "Parliament" wherever it appears, the word "AGM".