Dermot Ahern (Louth, Fianna Fail)

Yes. The second group of amendments, Nos. 28 and 29, insert a new Part 5 which makes specific statutory provision for the first time in Irish law for the variation of trusts. The enactment of such a provision was recommended by the Law Reform Commission in two reports entitled The Rule against Perpetuities and Cognate Rules, and The Variation of Trusts. In both reports, the commission recommended that the abolition of the rules in question, which are being repealed in section 16, be accompanied by the enactment of statutory provisions to permit the variation of trusts. That is the purpose of this new Part.