Euro Changeover (Amounts) Act, 2001

Amendment of Bankruptcy Act, 1988.

7.—(1) Section 85 of the Bankruptcy Act, 1988 , is with effect from 1 January 2002, amended—

(a) in clause (i) of paragraph (a) of subsection (3) by the substitution of “one euro in the euro” for “one pound in the pound”;

(b) in paragraph (a) of subsection (4) by the substitution of “50 cent or more in the euro” for “fifty pence or more in the pound”, and

(c) in paragraph (b) of subsection (4) by the substitution of “50 cent in the euro” for “fifty pence in the pound”.

(2) Section 86(1) of the Bankruptcy Act, 1988 , is with effect from 1 January 2002, amended by the substitution of “one euro in the euro” for “one pound in the pound”.

(3) Paragraph 24(10) of the First Schedule to the Bankruptcy Act, 1988 , is with effect from 1 January 2002, amended by the substitution of “one euro in the euro” for “one pound in the pound”.