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Certain payments to National Co-operative Farm Relief Services Ltd and certain payments made to its members.
[FA94 s52; FA95 s57]
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221.—(1) In this section—
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“the first agreement” means the agreement in writing dated the 4th day of July, 1991, between the Minister for Agriculture, Food and Forestry and the National Co-operative for the provision of financial support for farm relief services, together with every amendment of the agreement in accordance with Article 9.1 of that agreement;
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“the second agreement” means the agreement in writing dated the 16th day of May, 1995, between the Minister for Agriculture, Food and Forestry and the National Co-operative for the provision of financial support for the development of agricultural services, together with every amendment of the agreement in accordance with Article 9.1 of that agreement;
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“a member co-operative” means a society engaged in the provision of farm relief services which has been admitted to membership of the National Co-operative;
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“the Minister” means the Minister for Agriculture and Food;
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“the National Co-operative” means the society registered on the 13th day of August, 1980, as National Co-operative Farm Relief Services Limited;
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“society” means a society registered under the Industrial and Provident Societies Acts, 1893 to 1978.
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(2) Notwithstanding any provision of the Corporation Tax Acts—
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(a) a grant made under Article 3.1 of the first agreement by the Minister to the National Co-operative,
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(b) a transfer of moneys under Article 3.6 of the first agreement by the National Co-operative to a member co-operative,
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(c) a payment made under Article 3.1(a) of the second agreement by the Minister to the National Co-operative, and
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(d) a transmission of moneys under Article 3.4 in respect of payments under Article 3.1(a) of the second agreement by the National Co-operative to a member co-operative,
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shall be disregarded for the purposes of those Acts.
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