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Amendment of section 24A of Act of 2009
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31. Section 24A of the Act of 2009 is amended, in subsection (4)—
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(a) by the substitution of the following paragraph for paragraph (a):
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“(a) any change in the circumstances of the family successor—
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(i) where a determination has been made in respect of the relevant person under section 14C(2)(a), which may result in the occurrence of a repayment event, or
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(ii) where a determination under section 14C(2)(a) has not been made, which may result in the occurrence of a repayment event had such a determination been made (and, accordingly, had section 14I applied),”,
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(b) by the substitution of the following paragraph for paragraph (b):
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“(b) any change affecting the particular family asset in relation to which the family successor was appointed—
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(i) where a determination has been made in respect of the relevant person under section 14C(2)(a), which may result in the occurrence of a repayment event, or
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(ii) where a determination under section 14C(2)(a) has not been made, which may result in the occurrence of a repayment event had such a determination been made (and, accordingly, had section 14I applied),
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or”,
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and
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(c) in paragraph (c), by the substitution of “14G(4)(b), 14H(5)(b), 14K(3)(e) or 14L(3)(f)” for “14G(4)(b) or 14H(5)(b)”.
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