Oireachtas Joint and Select Committees

Thursday, 7 March 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2013: Committee Stage (Resumed)

12:15 pm

Photo of Brian HayesBrian Hayes (Dublin South West, Fine Gael) | Oireachtas source

I move amendment No. 92:


In page 129, line 13, to delete “balance.”.” and substitute the following:“balance (if any).(h) Where paragraph (c) applies and if—(i) a mortgagee ceases to have possession and another mortgagee takes possession,
(ii) a mortgagee ceases to have possession and a receiver is appointed,
(iii) a receiver’s appointment ends and a mortgagee takes possession, or
(iv) a receiver’s appointment ends and another receiver is appointed, then, in each case, the person who ceases to have possession or whose appointment ends shall furnish a copy of the capital goods record to the mortgagee who takes possession or the receiver who is appointed and, from the start date, that mortgagee or that receiver shall be treated for the purposes of this Chapter as if that mortgagee or that receiver were the capital goods owner and shall be responsible for the obligations of the preceding mortgagee or receiver in accordance with paragraphs (c) and (d).”.”.

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