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Finance Act, 2000
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Amendment of section 595 (life assurance policy or deferred annuity contract entered into or acquired by a company) of Principal Act.

55.—Section 595 of the Principal Act is amended in subsection (1)(a) by the substitution for the definition of “relevant policy” of the following definition:

“‘relevant policy’ means a policy of life assurance or a contract for a deferred annuity on the life of a person, entered into or acquired by a company on or after 11 April 1994, which is not—

(a) a policy to which section 594 applies, or

(b) new basis business within the meaning of section 730A (inserted by the Finance Act, 2000).”.