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Amendment of section 14L of Act of 2009
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29. Section 14L of the Act of 2009 is amended, in subsection (3)—
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(a) by the substitution of the following paragraph for paragraph (a):
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“(a) that, in the opinion of the Executive—
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(i) where a determination has been made in respect of the relevant person under section 14C(2)(a), a repayment event has not occurred in respect of the relevant person in relation to the particular family asset, or
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(ii) where a determination under section 14C(2)(a) has not been made but, had such a determination been made (and, accordingly, had section 14I applied), a repayment event would not have occurred in respect of that person in relation to the particular family asset,”,
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and
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(b) in paragraph (d)(iii), by the substitution of “a son-in-law, daughter-in-law, great-grandchild, great-nephew, great-niece or first cousin, or a child, grandchild or great-grandchild of a first cousin,” for “a son-in-law or daughter-in-law”.
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