(1) For purposes of this Act, any other business activity of a person who engages in a banking business is a separate business activity from the banking business engaged in by that person and the person shall keep the books of account of each business activity separate.

(2) Where the income of a person who engages in both a banking business and another business activity is to be ascertained, the person doing the computation shall compute the income or loss from the banking business for a year of assessment separate from the income or loss from the other business activity for that year.

(3) The Minister may, by legislative instrument, make Regulations to require financial institutions to obtain from a specified person details of the place of residence of that person for tax purposes.