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Reckonable earnings — amendment.
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8.— Section 2(1) of the Principal Act is amended—
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(a) by substituting the following definition for the definition of “reckonable earnings” (amended by section 13 of the Act of 2011):
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“ ‘reckonable earnings’ means, subject to section 13(2)(da)—
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(a) in the case of an employed contributor, not being a special contributor, emoluments derived from insurable employment or insurable (occupational injuries) employment (other than such emoluments that may be prescribed) to which Chapter 4 of Part 42 of the Act of 1997 applies, but without regard to Chapter 1 of Part 44 of that Act, and
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(b) in the case of a special contributor—
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(i) salaries, wages or other remuneration including non-pecuniary remuneration derived from insurable employment or insurable (occupational injuries) employment to which the Act of 1997 (other than Chapter 4 of Part 42) applies or would apply if the employed contributor in receipt of the remuneration were resident in the State, but without regard to Chapter 1 of Part 44 of that Act, and
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(ii) payments to persons attending or engaged in courses or schemes provided or approved by—
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(I) An Foras Áiseanna Saothair,
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(II) Teagasc, or
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(III) the National Tourism Development Authority,
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and reckonable earnings shall include—
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(A) share-based remuneration realised, acquired or appropriated, as the case may be, on or after 1 January 2011, and
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(B) the ‘specified amount’ within the meaning of section 825C of the Act of 1997;”,
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and
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(b) by substituting the following definition for the definition of “reckonable emoluments” (amended by section 13 of the Act of 2011):
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“ ‘reckonable emoluments’, in relation to a self-employed contributor, means emoluments (other than reckonable earnings and any other emoluments that may be prescribed) to which Chapter 4 of Part 42 of the Act of 1997 applies and reckonable emoluments shall include—
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(a) share-based remuneration realised, acquired or appropriated, as the case may be, on or after 1 January 2011, and
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(b) the ‘specified amount’ within the meaning of section 825C of the Act of 1997;”.
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