Finance Act, 1991

Amendment of First Schedule to Principal Act.

85.—The First Schedule (inserted by the Act of 1978) to the Principal Act is hereby amended—

(a) in paragraph (i) (inserted by the Act of 1987)—

(i) by the insertion in subparagraph (c) after “account” of “and the negotiation of, or any dealings in, payments, transfers, debts, cheques and other negotiable instruments excluding debt collection and factoring”,

(ii) by the substitution of the following subparagraph for subparagraph (g) (inserted by the Act of 1987):

“(g) the management of an undertaking which is—

(I) a collective investment undertaking within the meaning of section 18 of the Finance Act, 1989 , or

(II) administered by the holder of an authorisation granted pursuant to the European Communities (Life Assurance) Regulations, 1984 ( S.I. No. 57 of 1984 ), or by a person who is deemed, pursuant to Article 6 of those Regulations, to be such a holder, the criteria in relation to which are the criteria specified in relation to an arrangement administered by the holder of a licence under the Insurance Act, 1936 , in section 9 (2) of the Unit Trusts Act, 1990 , or

(III) a unit trust scheme established solely for the purpose of superannuation fund schemes or charities, or

(IV) determined by the Minister for Finance to be a collective investment undertaking to which the provisions of this subparagraph apply;”,

(iii) by the deletion of subparagraph (gg) (inserted by the Finance Act, 1989 ), and

(iv) by the substitution in paragraph (ix) (inserted by the Act of 1978) of “(g)” for “(g) or (gg)”,

(b) by the substitution in paragraph (iv) of the following subparagraph for subparagraph (b):

“(b) letting of the kind to which paragraph (vi) of the Third Schedule refers;”,

(c) by the deletion of paragraph (x) (inserted by the Finance Act, 1982 ), and

(d) by the insertion of the following paragraph after paragraph (xi):

“(xia) public postal services (including the supply of goods and services incidental thereto) supplied by An Post including postmasters, or by persons licensed in accordance with section 73 or subsection (1) of section 111 of the Postal and Telecommunications Services Act, 1983 ;”.