Section 82: Amendment of the Bank of Uganda

Act, Cap. 51, the Income Tax Act, Cap. 340, the Interpretation Act, Cap. 3 and the National Audit Act, (1) The Bank of Uganda Act is amended- (a) in section 4, by substituting for subsection (2) (e) the following- "(e) act as financial adviser to the Government;" (b) in section 33 by inserting immediately after subsection (3) the following- "(4) The bank shall not guarantee a payment to any person on behalf of Government or make an advance to Government or to any person on behalf of Government, without the prior approval of Parliament." (2) The Income Tax Act is amended- (a) in section 89A by substituting for the definition of "petroleum revenue" the following- " "tax" means tax charged on income derived by a person from petroleum operations;" and (b) by substituting the reference to "petroleum revenue", with a reference to "tax". (3) The Interpretation Act is amended in section 7 by substituting for sub section (2), the following- (2) A reference to the "treasury" shall be construed as a reference to the Ministry responsible for finance. (4) Section 19 of the National Audit Act, 2008 is amended by substituting for "nine months" appearing in subsection (2) the words "six months".