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Amendment of section 737 (special investment schemes) of Principal Act.
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73.—(1) Section 737 of the Principal Act is amended—
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(a) by the deletion in subsection (1) of the definition of “relevant period”,
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(b) by the substitution in subsection (2) for paragraph (a)(v) of the following paragraph:
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“(v) the aggregate of consideration given for shares which are, at any time on or after 1 February 1996 and before 31 December 2000, assets subject to any trust created under the scheme shall not be less than—
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(I) as respects qualifying shares, 55 per cent, and
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(II) as respects specified qualifying shares, 10 per cent,
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of the aggregate of the consideration given for the assets which are at that time subject to any such trust.”,
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and
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(c) by the deletion in subsection (3)(a) of subparagraph (iii).
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(2) This section shall be deemed to have applied as on and from 1 January 2001.
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