Seán Sherlock (Cork East, Labour) | Oireachtas source

I move amendment No. 83:

In page 242, to delete lines 8 to 10 and substitute the following:“(b) the amount of a company’s relevant assets shall be determined in accordance with section 239(2); and

(c) there shall not be reckoned any arrangement entered into in accordance with the Summary Approval Procedure.”.

The purpose of this amendment is to provide exemptions in regard to arrangements which have already been properly approved in accordance with the summary approval procedure.

See this speech in context