Finance Act, 2000

Amendment of section 700 (special computational provisions) of Principal Act.

32.—(1) Section 700 of the Principal Act is amended by the insertion of the following subsection after subsection (1):

“(1A) For the purposes of subsection (1), ‘society’ shall include a credit union which is—

(a) registered as such under the Credit Union Act, 1997 , or

(b) deemed to be so registered by virtue of section 5(3) of that Act.”.

(2) This section shall be deemed to have come into operation as on and from 6 April 1999.