(1) Notwithstanding any other provision of this Act, the gains specified in Schedule 4 shall be exempt from the tax.

(2) The Dewan Rakyat may by resolution delete any item in Schedule 4 or add any further item or items thereto.

(3) The Minister may by statutory order exempt any person or class of persons from all or any of the provisions of this Act.

(4) Any order made under subsection (3) shall be laid before the Dewan Rakyat.