Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I move amendment No. 53:

In page 87, to delete line 29 and substitute the following:“least 1.25:1,

(iv) at least 75 per cent of the aggregate market value of the assets of the REIT or group REIT relates to assets of the property rental business of the REIT or group REIT, as the case may be,
(v) it ensures that the aggregate of the specified debt shall not exceed an amount equal to 50 per cent of the aggregate market value of the assets of the business or businesses of the REIT or group REIT, as the case may be, and”.