Regulation of Providers of Building Works and Miscellaneous Provisions Act 2022
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Annual report relating to eligible rental income | ||
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81. The Act of 2009 is amended by the insertion of the following section after section 45A: | ||
“45AA. (1) The Executive shall prepare in respect of each year (or such longer period as the Minister may, following receipt of the third report under this section, prescribe by regulations) a report containing information in relation to— | ||
(a) the proportion of financial assessments in respect of which eligible rental income is taken into account, | ||
(b) the number of principal residences from which eligible rental income derives, | ||
(c) an assessment of likely trends arising from the effects on the Scheme of the treatment of eligible rental income, | ||
(d) the impact of the changes effected by Part 9 of the Act of 2022 on outcomes for persons participating in the Scheme, including the timing of participation in the Scheme and risks relating to the safeguarding of vulnerable persons, and | ||
(e) such other matters as may be specified by the Minister. | ||
(2) The Executive shall send a copy of each report prepared under this section to the Minister— | ||
(a) before the end of June in the year following that to which the report relates, or | ||
(b) where the Minister has made regulations under subsection (1), before the end of June in the year following the last year to which the report relates. | ||
(3) For the purposes of preparing a report under subsection (1) and, subject to section 45(7), the Executive shall keep records of information in relation to— | ||
(a) financial assessments under section 10, | ||
(b) notifications under section 24 relating to eligible rental income, and | ||
(c) such other matters as may be specified by the Minister.”. |