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Finance Act, 1973

Amendment of section 33 of Finance Act, 1935.

61.(1) Section 33 of the Finance Act, 1935 , is hereby amended by the substitution for subsection (6) of the following subsection:

“(6) In this section—

banker’ means a person who carries on banking business in the State and includes a friendly society, an industrial and provident society, a building society, the Post Office Savings Bank, a trustee savings bank, the Industrial Credit Company, Limited, the Agricultural Credit Corporation Limited, and any person with whom money is lodged or deposited;

pay’ includes transfer in the books of a banker and any dealings whatsoever with any moneys which were lodged or deposited in the name of a person who died after the time of the lodgment or deposit and any other person or persons;

current account’ means an account which is customarily operated on by means of a cheque or banker's order;

banking business’ has the same meaning as in section 2 of the Central Bank Act, 1971 ;

references to moneys lodged or deposited include references to shares of a building society, friendly society or industrial and provident society.”

(2) This section shall have effect in relation to the death of any person dying on or after the date of the passing of this Act.