Finance Act, 1989

Amendment of section 70 (securities, of Bord Telecom Éireann and Irish Telecommunications Investments p.l.c.) of Finance Act, 1988.

31.—(1) Section 70 of the Finance Act, 1988 , is hereby amended by the substitution of the following paragraph for paragraph (b) of subsection (2):

“(b) As on and from the passing of this Act, section 54 of the Finance Act, 1983 , and, in so far as it relates to Bord Telecom Éireann, paragraph (b) of section 66 of the Finance Act, 1984 , shall not apply or have effect.”.

(2) Subsection (1) shall be deemed to have come into force and shall take effect as on and from the 25th day of May, 1988.