Disallowance of payments to members: associations of persons cannot deduct member payments, subject to reciprocal and representative exceptions. The amendment adds a clause disallowing deductions for interest, salary, bonus, commission or remuneration paid by an association of persons or body of individuals to a member, excluding companies and certain registered societies. Explanations: reciprocal interest payments are netted so only the excess paid by the association is disallowed; payments and receipts in a representative capacity are treated separately with both representative and represented transactions taken into account; and interest received by a member on behalf of another person is excluded when the member is not acting in a representative capacity.