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Variation of rates of levy.
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8.—(1) The Minister may by regulations vary generally the rate of levy and, where regulations under this subsection are in force, this Act shall have effect in accordance with the regulations.
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(2) A rate varied by regulations under this section shall take effect at the beginning of the contribution year next following that in which the regulations were made.
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(3) (a) Where regulations under this section are proposed to be made, a draft of the proposed regulations shall, with the approval of the Minister for Finance, be laid before each House of the Oireachtas and the regulations shall not be made until a resolution approving of the draft has been passed by each such House.
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(b) A draft of regulations proposed to be made under this section shall not be laid before both Houses of the Oireachtas in accordance with paragraph (a) unless the Minister has consulted with, and received the agreement to the draft of, such organisation or association of organisations as appears to the Minister to be—
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(i) representative of substantial numbers of employers in the sectors of industry concerned, and
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(ii) representative of substantial numbers of persons employed in the sectors of the industry concerned.
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