Finance Act, 2001

Amendment of section 10B (special scheme for auctioneers) of Principal Act.

186.—Section 10B (inserted by the Act of 1995) of the Principal Act is amended by the insertion of the following after paragraph (aa) (inserted by the Act of 1999):

“(aaa) an insurer within the meaning of section 3(5)(d) (inserted by this Act) who took possession of those goods in connection with the settlement of a claim under a policy of insurance and whose disposal of the goods is deemed not to be a supply of the goods in accordance with section 3(5)(d) (inserted by this Act)”.