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Amendment of section 3 of Act of 2012
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3. Section 3 of the Act of 2012 is amended by—
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(a) the substitution, in subsection (1), of “Subject to subsection (1A), for the purposes” for “For the purposes”, and
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(b) the insertion of the following subsection after subsection (1):
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“(1A) For the purposes of this Act, insofar as it applies to a Covid-19 credit guarantee scheme, a person is a qualifying enterprise if—
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(a) the person is a qualifying enterprise within the meaning of subsection (1), or
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(b) in the case of a person who is not a qualifying enterprise within the meaning of subsection (1), the person is established in the State and employs not more than 499 persons (calculated in accordance with the Commission Recommendation) whether or not in the State.”.
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