Finance (Covid-19 and Miscellaneous Provisions) Act 2021
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Further amendment of Act of 1999 | ||
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14. (1) Section 31E of the Act of 1999 (as inserted by section 13 ) is amended— | ||
(a) in subsection (1), by the insertion of the following definitions: | ||
“‘Act of 1992’ means the Housing (Miscellaneous Provisions) Act 1992 ; | ||
‘Act of 2009’ means the Housing (Miscellaneous Provisions) Act 2009 ; | ||
‘household’ has the same meaning as it has in the Act of 2009; | ||
‘housing authority’ has the same meaning as it has in the Act of 1992; | ||
‘housing authority lease’ means a lease entered into by a housing authority under section 19 of the Act of 2009; | ||
‘qualified household’ means a household that has been determined, in accordance with a social housing assessment, to be qualified for social housing support; | ||
‘social housing assessment’ has the same meaning as it has in the Act of 2009; | ||
‘social housing support’ has the same meaning as it has in the Act of 2009.”, | ||
and | ||
(b) by the insertion of the following subsection after subsection (7): | ||
“(8) Where— | ||
(a) a person acquires, on or after the day after the date of the passing of the Finance (Covid-19 and Miscellaneous Provisions) Act 2021, a residential unit by way of a conveyance or transfer on sale of the residential unit, | ||
(b) on the same day as the residential unit is acquired by the person, the person enters into a housing authority lease in respect of the residential unit, and | ||
(c) the lease is entered into by the housing authority for the purpose of the provision of social housing support to a qualified household, | ||
for the purposes of subsection (5), no account shall be taken of the residential unit.”. | ||
(2) Subsection (1) shall come into operation on the day after the date of the passing of this Act. |