Dermot Ahern (Louth, Fianna Fail)

This amendment replaces the text of section 2(4) and involves two changes in the existing text. The current text is restricted to mixed-use multi-unit developments in which there is more than one owners' management company. It has been drawn to our attention by the Law Society that some large mixed use developments have only one such company and it is therefore necessary to broaden the scope of the subsection to include such cases.

The second change is a technical matter which substitutes a reference to membership of the owners' management company instead of holding shares in it. The revised text will mean that the scope of this provision of the Bill will extend to all mixed-use multi-unit developments.