TAXES CONSOLIDATION ACT, 1997

• (b) losses or expenditure incurred in, or an excess of deficiencies over surpluses in, or other amounts referable to, a year of assessment or accounting period to which this Act applies may be taken into account for any tax purposes in a year of assessment or accounting period earlier than a year of assessment or accounting period to which this Act applies.

Relief in respect of unrelieved losses and capital allowances carried forward from the year 1975-76

[CTA76 s182 (apart from clauses (b) and (c) of proviso to (3)); FA80 s47(1); FA97 s59 and Sch6 PtI par2(1) and (3)]

“relevant amount”, in relation to a company, means the aggregate of the following amounts—

• (a) such part of a loss, including any amount to be treated as a loss under section 316 of the Income Tax Act, 1967, incurred by the company in a trade before the date on which the company comes within the charge to corporation tax in respect of the trade and which, but for the Corporation Tax Act, 1976, could have been carried forward to the year 1976-77 under section 309 of the Income Tax Act, 1967, and

• (b) such part of any capital allowance to which the company which carries on the trade was entitled in charging the profits or gains of the trade for years before the year 1976-77 and to which effect has not been given by means of relief before that year;

“relevant corporation tax”, in relation to an accounting period, means the corporation tax (other than an amount which by virtue of sections 239, 241, 440 and 441 is to be treated as corporation tax of an accounting period) which, apart from this paragraph, paragraph 18 and section 448, would be chargeable for the accounting period exclusive of the corporation tax chargeable on the part of the company's profits attributable to chargeable gains for that period, and that part shall be taken to be the amount brought into the company's profits for that period for the purposes of corporation tax in respect of chargeable gains before any deduction for charges on income, expenses of management or other amounts which can be deducted from or set against or treated as reducing profits of more than one description.

• (2) Relief, as provided in subparagraph (3), shall be allowed in respect of a relevant amount against corporation tax payable by the company and such relief shall be given as far as possible from the tax payable for the first accounting period for which the company is within the charge to corporation tax in respect of the trade and, in so far as it cannot be so given, from the tax payable for the next accounting period and so on.

• (3) The relief for an accounting period shall be an amount calculated by applying to that part of the relevant amount in respect of which relief from tax has not been allowed a rate equal to—

• (a) as respects accounting periods beginning before the 1st day of April, 1997, 23 per cent, and

• (b) as respects accounting periods beginning on or after that date, the standard credit rate for the year of assessment in which the accounting period ends;

but—

• (i) the amount to which that rate is applied shall not exceed the amount of income from the trade included in chargeable profits for the accounting period reduced by the amount, if any, included in charges on income paid by the company in the accounting period in respect of payments made wholly and exclusively for the purposes of the trade, and

• (ii) where the corporation tax payable by the company for an accounting period is reduced by virtue of a claim under section 448(2), the relief to be given under this paragraph for the accounting period shall be reduced in the same proportion as the corporation tax payable by the company for the accounting period in so far as it is attributable to the income from the trade is so reduced; and the corporation tax attributable to the income from the trade shall be an amount equal to the same proportion of the relevant corporation tax for the accounting period as the income from the trade for the accounting period bears to the total income brought into charge to corporation tax.

• (4) Relief under this paragraph shall not be allowed against corporation tax payable by a company which by virtue of agreements between the Government and the Government of the United Kingdom in respect of double income tax was entitled to exemption from income tax for the year 1975-76 in respect of income arising in the State.

• (5) For the purposes of this paragraph, where an accounting period begins before the 1st day of April, 1997, and ends on or after that day, it shall be divided into one part beginning on the day on which the accounting period begins and ending on the 31st day of March, 1997, and another part beginning on the 1st day of April, 1997, and ending on the day on which the accounting period ends, and both parts shall be treated as if they were separate accounting periods.

Relief in respect of losses or deficiencies within Case IV or V of Schedule D

[CTA76 s183]

• (a) a company was entitled to relief under section 89 or 310 of the Income Tax Act, 1967, or would have been entitled to relief under section 310 of that Act if section 237(5) of that Act had not been enacted, for the year 1975-76 or an earlier year of assessment in respect of a loss within Case IV of Schedule D or a deficiency or an excess of deficiencies within Case V of Schedule D, with the addition of any associated capital allowances in each case, and

• (b) because of an insufficiency of income of the description concerned, relief could not be fully granted to the company under those sections for any of those years of assessment,

then, the unrelieved amount of loss, deficiency or excess of deficiencies (with the addition of any unrelieved associated capital allowances), as the case may be, shall be treated as if it were a loss in a trade carried on by a company and, if the company so requires, may be relieved under paragraph 16 against income of the same description of the company within the charge to corporation tax as if that income were income of the same trade, and that paragraph shall apply accordingly with any necessary modifications.

• (2) Notwithstanding subparagraph (1)—

• (a) a loss within Case IV of Schedule D, with the addition of any associated capital allowances, shall be relieved under this paragraph only against income of the company chargeable to corporation tax under Case IV of Schedule D,

• (b) a deficiency or an excess of deficiencies within Case V of Schedule D, with the addition of any associated capital allowances, shall be relieved only against income of the company chargeable to corporation tax under Case V of Schedule D, and

• (c) so much of any deficiency or so much of any amount treated as a loss as, under section 62 of the Finance Act, 1974, could not have been carried forward or set against profits or gains for income tax purposes if that tax had continued shall be treated as not being a deficiency or loss for the purposes of this paragraph.

Relief in respect of corporation profits tax losses

[CTA76 s174(3) -proviso and s184 (apart from clauses (i), (ii) and (iii) of proviso to (3)); FA80 s48(1); FA97 s59 and Sch6 PtI par2]

• (a) the total of the amounts which under section 25 of the Finance Act, 1964, could (on the assumption that for corporation profits tax purposes an accounting period of the company ended on the 5th day of April, 1976, and a new accounting period commenced on the 6th day of April, 1976, and the enactments in relation to corporation profits tax mentioned in the Third Schedule to the Corporation Tax Act, 1976, had not been repealed) have been deducted from or set off against profits of the company's business in an accounting period commencing on the 6th day of April, 1976, and

• (b) the total of the amounts by which under subsections (1) and (3) of section 181 of the Corporation Tax Act, 1976, losses and allowances in respect of capital expenditure were reduced for the purposes of corporation tax;

but any loss or any excess of deficiencies over surpluses which if such loss or excess were a profit or an excess of surpluses over deficiencies would be chargeable to corporation tax on the company for the accounting period shall not be taken into account for the purposes of clause (a).

• (2) Where for any accounting period an election was made under section 174(3) of the Corporation Tax Act, 1976, all amounts which under section 25 of the Finance Act, 1964, could be deducted from or set off against profits of the company's trade or business for that accounting period, computed without regard to section 174(3) of the Corporation Tax Acts, 1976, shall be deemed to have been so deducted or set off and shall not be included in the computation of any relevant deficiency for the purposes of this paragraph.

• (3)
• (a) Subject to clause (b), relief as provided in subparagraph (4) shall be allowed in respect of a relevant deficiency against corporation tax payable by the company and such relief shall be given as far as possible from the tax pay able for the first accounting period for which the company is within the charge to corporation tax and, in so far as it cannot be so given, from the tax payable for the next accounting period and so on.

• (b) Relief shall not be allowed against corporation tax payable for any accounting period against the profits of which (if the Corporation Tax Act, 1976, had not been enacted and if the enactments in relation to corporation profits tax referred to in the Third Schedule of that Act had not been repealed) a loss incurred before the 6th day of April, 1976, could not be set off under section 25 of the Finance Act, 1964.

• (4)
• (a) For the purposes of this subparagraph—

• (i) the income of a company for an accounting period shall be taken to be the amount of its profits for that period on which corporation tax falls finally to be borne exclusive of the part of the profits attributable to chargeable gains, and that part shall be taken to be the amount brought into the company's profits for that period for the purposes of corporation tax in respect of chargeable gains before any deduction for charges on income, expenses of management or other amounts which can be deducted from or set against or treated as reducing profits of more than one description, and

• (ii) the appropriate amount shall be the smaller of the amount of the relevant deficiency in respect of which relief has not been allowed and the amount of the company's income for the accounting period.

• (b) Subject to clause (c), relief for an accounting period shall be an amount determined by the formula—

(A − B) − (C − D)

where—

A is the excess of the amount of corporation tax which, apart from paragraph 16, this paragraph and section 448, is chargeable for the accounting period,

B is an amount determined by applying a rate equal to—

• (a) as respects accounting periods beginning before the 1st day of April, 1997, 23 percent, and

• (b) as respects accounting periods beginning on or after that date, the standard credit rate for the year of assessment in which the accounting period ends,

to the amount of the company's income for the accounting period,

C is the excess of the amount of corporation tax which, apart from paragraph 16, this paragraph and section 448, would be chargeable for the accounting period if the amount of the company's income for the accounting period were reduced by the appropriate amount, and

D is an amount determined by applying a rate equal to—

• (a) as respects accounting periods beginning before the 1st day of April, 1997, 23 per cent, and

• (b) as respects accounting periods beginning on or after that date, the standard credit rate for the year of assessment in which the accounting period ends,

to the amount of the company's income for the accounting period as reduced by the appropriate amount.

• (c) Notwithstanding clause (b), where the corporation tax payable by a company for an accounting period is reduced by virtue of a claim under section 448(2), the amount of relief to be allowed under the preceding provisions of this paragraph shall be reduced in the same proportion which the amount by which the corporation tax referable to the income from the sale of goods (within the meaning of section 448) for that accounting period is so reduced bears to the relevant corporation tax, and for the purposes of this clause “relevant corporation tax” has the same meaning as in paragraph 16.

• (5)
• (a) Subparagraphs (3) and (4) shall not apply to a company which by virtue of agreements between the Government and the Government of the United Kingdom in respect of double income tax was entitled to exemption from income tax for the year 1975-76 in respect of income arising in the State; but in such a case the relevant deficiency shall, subject to clause (b), be set off against income coming within the charge to corporation tax for the accounting period commencing on the 6th day of April, 1976, and, in so far as the relevant deficiency cannot be so set off, it shall be set off against income coming within the charge to corporation tax for the next accounting period and so on.

• (b) A relevant deficiency shall not be set off under clause (a) against income arising in any accounting period against the profits of which (if the Corporation Tax Act, 1976, had not been enacted and if the enactments in relation to corporation profits tax mentioned in the Third Schedule to that Act had not been repealed) a loss incurred before the 6th day of April, 1976, could not be set off under section 25 of the Finance Act, 1964.

• (6)
• (a) For the purposes of this paragraph, where an accounting period begins before the 1st day of April, 1997, and ends on or after that day, it shall be divided into one part beginning on the day on which the accounting period begins and ending on the 31st day of March, 1997, and another part beginning on the 1st day of April, 1997, and ending on the day on which the accounting period ends, and both parts shall be treated as separate accounting periods.

• (b) Where under clause (a) a part of an accounting period is treated as a separate accounting period, the corporation tax charged for the part which is so treated shall, in so far as it is affected by the rate of corporation tax which is taken to have been charged, be taken for the purposes of this paragraph to be the corporation tax which would have been charged if that part were a separate accounting period.

Capital gains tax losses accruing before 6th April, 1976

[CTA76 s175]

Income tax: relief for expenditure on certain buildings in certain areas

[FA89 s4(1) to (6); FA93 s31]

• (2) Notwithstanding the repeal by this Act of section 4 of the Finance Act, 1989, relief given under that section, whether before or after the passing of this Act, may be withdrawn in accordance with subsection (4) of that section where the circumstances set out in that subsection apply; and accordingly this Act shall apply with any modifications necessary to give effect to such withdrawal.

Income tax: relief for income accumulated under trusts

[ITA67 s154; FA73 s5]

• (a) in pursuance of any will or settlement any income arising from any fund is accumulated for the benefit of any person contingently on that person attaining a specified age or marrying, and

• (b) the aggregate amount (in this paragraph referred to as “the aggregate yearly income”) in any year of assessment of—

• (i) that income,

• (ii) the income from any other fund subject to the like trusts for accumulation, and

• (iii) the total income of that person from all sources,

is of such an amount only as would entitle an individual either to total exemption from income tax or to relief from income tax,

then, that person shall, on making a claim for the purpose within 6 years after the end of the year of assessment in which the contingency happens, be entitled, on proof of the claim in the manner prescribed by subsections (3) and (4) of section 459 and paragraph 8 of Schedule 28, to have repaid to him or her on account of the income tax which has been paid in respect of the income during the period of accumulation a sum equal to the aggregate amount of relief to which he or she would have been entitled if his or her total income from all sources for each of the several years of that period had been equal to the aggregate yearly income for that year; but in calculating that sum a deduction shall be made in respect of any relief already received.

• (2) For the purposes of subparagraph (1), no account shall be taken of any income tax paid in respect of income for a year of assessment beginning after the year 1972-73 or of any relief to which a person would have been entitled for such a year of assessment in the circumstances mentioned in subparagraph (1).

Relief for investment in films in respect of certain sums

[FA96 s31(2) (a), (3) and (4); FA97 s30(2)]

• (2) The amendments effected to section 35 of the Finance Act, 1987, by section 31(1) of the Finance Act, 1996, shall not apply as respects a sum of money paid on or after the 23rd day of January, 1996, and on or before the 31st day of March, 1996, where the sum of money is paid in respect of shares in a qualifying company, and—

• (a) the Minister for Arts, Culture and the Gaeltacht had received before the 23rd day of January, 1996, an application in writing to give a certificate to the company stating, in relation to a film to be produced by the company, that the film is a qualifying film, and

• (b) a certificate given by the Minister to the company after the 23rd day of January, 1996, includes a statement that the Minister had received that application before that date.

• (3) Where a sum of money is a sum of money—

• (a) to which the amendments effected to section 35 of the Finance Act, 1987, by section 31(1) of the Finance Act, 1996, do not apply by virtue of subparagraph (2), or

• (b) which is paid before the 23rd day of January, 1996,

the provisions of section 35 of the Finance Act, 1987, which were in force immediately before the 23rd day of January, 1996, (in this paragraph referred to as “the former provisions”) shall, subject to subparagraph (4), continue to apply to that sum of money.

• (4) Where the sum of money referred to in subparagraph (3) is a sum of money paid on or after the 6th day of April, 1995, or is a sum of money to which subparagraph (2) applies, and the sum of money is used for the purpose of enabling the qualifying company to produce a qualifying film in respect of which an application (to give a certificate under subsection (1 A) of the former provisions) had not been received by the Minister before the 23rd day of January, 1996, the former provisions shall apply as if—

• (i) subsection (2) of the former provisions was amended by the substitution for “a deduction of the amount of that investment” of “a deduction of an amount equal to 80 per cent of that investment”, and

• (ii) subsection (3A) of the former provisions was amended by the substitution for “a deduction of the amount of that investment” of “a deduction of an amount equal to 80 per cent of that investment”.

• (5) Subparagraphs (2) to (4) shall apply notwithstanding that the former provisions are not re-enacted by this Act and shall be construed together with the former provisions, and accordingly this Act shall apply with any modifications necessary to give effect to those subparagraphs.

• (6) As respects a relevant investment made before the 26th day of March, 1997, section 481 shall apply as if in subsection (4) (b) (i) of that section the reference to £3,000,000 were a reference to £2,000,000.

• (7) As respects the 12 months period ending on the 22nd day of January, 1996, section 481 shall apply as if in subsection (4) (b) (ii) of that section the reference to £3,000,000 were a reference to £2,000,000.

• (8) In relation to a film in respect of which the Minister has received an application before the 26th day of March, 1997, to enable the Minister to consider whether a certificate should be given under subsection (2) of section 481, that subsection shall apply as if paragraph (c) (ii) (II) of that subsection were deleted.

Farming: application of section 658 in relation to expenditure incurred before 27th January, 1994

[FA74 s22(2); FA77 s14; FA82 s16; FA88 s52(1) (a); FA89 s15; FA90 s77; FA91 s25(a)]

• (a) as respects capital expenditure incurred before the 27th day of January, 1994, as if the following subsections were substituted for subsection (2) of that section:

• “(2)

  • (a) Where a person to whom this section applies incurs, for the purpose of a trade of farming land occupied by such person, any capital expenditure on the construction of farm buildings (excluding a building or part of a building used as a dwelling), fences, roadways, holding yards, drains or land reclamation or other works, there shall, subject to paragraph (b), be made to such person during a writing-down period of 10 years beginning with the chargeable period related to that expenditure, writing-down allowances (in this section referred to as ‘farm buildings allowances’) in respect of that expenditure, and such allowances shall be made in taxing the trade.

  • (b) The farm buildings allowance to be granted for any chargeable period shall, subject to paragraphs (c) and (d), be increased by such amount as is specified in the claim for the allowance by the person to whom the allowance is to be made and, in relation to a case in which this paragraph has applied, any reference in the Tax Acts to a farm buildings allowance made under this section shall be construed as a reference to that allowance as increased under this paragraph.

  • (c) The maximum farm buildings allowance to be made under this section by means of an allowance increased under paragraph (b)—

    • (i) in relation to capital expenditure incurred before the 1st day of April, 1989, shall not for any chargeable period exceed 30 per cent of that capital expenditure,

    • (ii) in relation to capital expenditure incurred on or after the 1st day of April, 1989, and before the 1st day of April, 1991, whether claimed in one chargeable period or more than one such period, shall not in the aggregate exceed 50 per cent of that capital expenditure, and

    • (iii) in relation to capital expenditure incurred on or after the 1st day of April, 1991, and before the 1st day of April, 1992, whether claimed in one chargeable period or more than one such period, shall not in the aggregate exceed 25 per cent of that capital expenditure.

  • (d) Notwithstanding paragraph (c) (iii), the maximum farm buildings allowances to be made under this section by means of an allowance increased under paragraph (b) in relation to capital expenditure incurred—

    • (i) on or after the 1st day of April, 1991, and before the 1st day of April, 1993,

    • (ii) for the purposes of the control of farmyard pollution, and

    • (iii) on works in respect of which grant-aid has been paid under—

      • (I) the programme, as amended, known as ‘the Farm Improvement Programme’ implemented by the Minister for Agriculture and Food pursuant to Council Regulation (EEC) No. 797/85 of 12 March 1985 ¹, or

      • (II) the scheme known as ‘the Scheme of Investment Aid for the Control of Farmyard Pollution’ implemented by the Minister for Agriculture and Food pursuant to an operational programme under Council Regulation (EEC) No. 2052/88 of 24 June 1988 ¹,

      whether claimed for one chargeable period or more than one such period, shall not in the aggregate exceed 50 per cent of that capital expenditure.

  • (e) The reference in paragraph (a) to roadways, holding yards, drains or land reclamation shall apply only as respects expenditure incurred on or after the 1st day of April, 1989.

• (2A)

  • (a) For the purposes of this subsection, the first relevant year of assessment in relation to expenditure incurred by any person is—

    • (i) the year of assessment in the basis period for which that person incurs the expenditure, or

    • (ii) the year of assessment in the basis period for which (if that person's profits or gains from farming for that year of assessment had been chargeable to tax under Case I of Schedule D) that person incurred the expenditure.

  • (b) Where any capital expenditure referred to in subsection (2) (a) was incurred by a person on or after the 6th day of April, 1971, and before the 6th day of April, 1974, a farm buildings allowance shall for the purposes of this section be deemed—

    • (i) to have been made to that person, and

    • (ii) to have been made in charging the profits or gains of the trade for the first relevant year of assessment and for each subsequent year of assessment before the year 1974-75;

    but where that expenditure was incurred in the year 1973-74, a farm buildings allowance shall for the purposes of this section be deemed to have been made in charging the profits or gains of the trade for that year of assessment.

• (2B) Notwithstanding any other provision of this section other than subsection (2) (d), no farm buildings allowance made in relation to capital expenditure incurred on or after the 1st day of April, 1992, shall be increased under this section.”,

and

• (b) as respects expenditure incurred before the 6th day of May, 1993, as if the following subsection were substituted for subsection (13) of that section:

• “(13) Expenditure shall not be regarded for the purposes of this section as having been incurred by a person in so far as it has been met directly or indirectly by the State, by any board established by statute or by any public or local authority.”

• (2)
• (a) This subparagraph shall apply to expenditure incurred on the construction of fences, roadways, holding yards or drains or on land reclamation.

• (b) Where on or after the 6th day of April, 1977, and before the 1st day of April, 1989, a person to whom section 658 applies incurs capital expenditure to which this subparagraph applies, being expenditure in respect of which the person is entitled to claim an allowance under that section, the allowance to be granted for the chargeable period related to the expenditure or any subsequent chargeable period shall be increased by such amount as is specified by the person to whom the allowance is to be made in making the person's claim for the allowance, and in relation to a case in which this subsection has applied, any reference in the Tax Acts to a farm buildings allowance made under section 658 shall be construed as a reference to that allowance as increased under this subparagraph.

Transitional provisions arising from amendments made to the system of taxation of life assurance companies by Finance Act, 1993

[FA93 s12(2) (b)]

Disposals in the year 1993-94 of units in certain unit trusts

[CGTA75 s31(5); FA94 s64(2)]

Application of section 774(6) in certain circumstances

[FA72 s16(4); CTA76 s140(1) and Sch2 PtI par 31]

• (i) where the chargeable period is an accounting period of a company, an accounting period ending on or before the 21st day of April, 1997, and

• (ii) where the chargeable period is a year of assessment, any year of assessment the employer's basis period for which ends on a day after that date,

section 774 shall apply as if the following subsection were substituted for subsection (6) of that section:

• “(6)

  • (a) Any sum paid by an employer by means of contributions under the scheme shall—

    • (i) in the case of income tax, for the purposes of Case I or II of Schedule D, be allowed to be deducted as an expense incurred in the year in which the sum is paid, and

    • (ii) in the case of corporation tax, for the purposes of Case I or II of Schedule D and the provisions of sections 83 and 707(4) relating to expenses of management, be allowed to be deducted as an expense or expense of management incurred in the accounting period in which the sum is paid.

  • (b) The amount of an employer's contributions which may be deducted under paragraph (a) shall not exceed the amount contributed by the employer under the scheme in respect of employees in a trade or undertaking in respect of the profits of which the employer is assessable to income tax or corporation tax, as the case may be.

  • (c) A sum not paid by means of an ordinary annual contribution shall for the purposes of this subsection be treated, as the Revenue Commissioners may direct, either as an expense incurred in the year or the accounting period, as the case may be, in which the sum is paid, or as an expense to be spread over such period of years as the Revenue Commissioners think proper.”.

Settlements: application of section 792 for the year of assessment 1997-98 in relation to certain dispositions to certain individuals residing with, and sharing normal household expenses with, the disponer

[FA95 s13(3)]

• (a) the conditions set out in subparagraph (3) are satisfied, and

• (b) the Revenue Commissioners are satisfied that the application of the amendments to section 439 of the Income Tax Act, 1967, effected by subsections (1) and (2) of section 13 of the Finance Act, 1995, which subsections are re-enacted in subsections (1) and (2) of section 792, would give rise to hardship,

then, those amendments shall not, to the extent that the Revenue Commissioners consider just, apply before the 6th day of April, 1998, in respect of a disposition, to which clause (a) of subparagraph (2) applies, by a person (in this paragraph referred to as “the disponer”), in so far as, by virtue or in consequence of such disposition, income is payable in a year of assessment to or for the benefit of an individual to whom clause (b) of subparagraph (2) applies, and accordingly, notwithstanding that section 439 of the Income Tax Act, 1967, as it stood before its amendment by subsections (1) and (2) of section 13 the Finance Act, 1995, is not re-enacted by this Act, this Act shall apply with any modifications necessary to give effect to this paragraph.

• (2)
• (a) This clause shall apply to—

• (i) a disposition made before the 6th day of April, 1993, or

• (ii) a disposition made on or after the 6th day of April, 1993, to immediately replace a disposition made before that date which has ceased to be effective and only to the extent that the amount payable to or for the benefit of an individual to whom clause (b) applies under such later disposition does not exceed the amount payable to or for the benefit of that individual under the earlier disposition.

• (b) This clause shall apply to an individual who is not a child of the disponer and who, for the whole of the year of assessment, is resident with, and shares the normal household expenses with, the disponer.

• (3) The conditions referred to in subparagraph (1) are:

• (a) the making of the disposition referred to in subparagraph (2) (a) (i) shall have been notified to the Revenue Commissioners before the 8th day of February, 1995,

• (b) a child, to whom subparagraph (4) applies, of the disponer or of the individual to whom clause (b) of subparagraph (2) applies or of both of them is resident with them for the whole or substantially the whole of the year of assessment, and

• (c) the child to whom clause (b) relates is wholly or mainly maintained by the disponer and the individual jointly at their own expense.

• (4) A child to whom this subparagraph applies shall be a child who for a year of assessment—

• (i) is under the age of 16 years, or

• (ii) if over the age of 16 years at the commencement of the year of assessment, is receiving full-time instruction at any university, college, school or other educational establishment.

Construction of certain references to Ministers of the Government

• (2) A reference in Chapter 1 of Part 24 to the Minister for the Marine and Natural Resources shall—

• (a) in respect of the period from the commencement of this Act to the 11th day of July, 1997, be construed as a reference to the Minister for Transport, Energy and Communications, and

• (b) in respect of the period from the 12th day of July, 1997, to the 14th day of July, 1997, be construed as a reference to the Minister for Public Enterprise.

• (3) A reference in Chapter 2 of Part 24 to the Minister for the Marine and Natural Resources shall—

• (a) in respect of the period from the commencement of this Act to the 11th day of July, 1997, be construed as a reference to the Minister for Transport, Energy and Communications, and

• (b) in respect of the period from the 12th day of July, 1997, to the 30th day of September, 1997, be construed as a reference to the Minister for Public Enterprise.

TABLE

Construction of certain references to Government Departments

TABLE

Construction of reference to Secretary General of Department of Finance

Construction of certain references to educational institutions

TABLE

Footnotes