Nursing Homes Support Scheme (Amendment) Act 2021

Amendment of section 3 of Principal Act

2. Section 3 of the Principal Act is amended, in subsection (1), by the insertion of the following definitions:

“‘Act of 2021’ means the Nursing Homes Support Scheme (Amendment) Act 2021;

‘chargeable land’ has the meaning assigned to it by section 14B;

‘family successor’ has the meaning assigned to it by Schedule 1;

‘farm’ has the meaning assigned to it by Schedule 1;

‘farming’ has the meaning assigned to it by Schedule 1;

‘particular family asset’, in relation to a family successor, means the asset or assets in relation to which the family successor was appointed under section 14A, 14F, 14G, 14H, 14K or 14L;

‘relevant business’ has the meaning assigned to it by Schedule 1;

‘repayment event’ has the meaning assigned to it by section 14I;

‘revoked’, in relation to a determination of the Executive under section 14C(2) (a), means revoked under section 14G(12) or 14I(3);

‘running the family asset’, in relation to a specified asset or a particular family asset, means—

(a) where the specified asset or the particular family asset is a farm, farming the farm, and

(b) where the specified asset or the particular family asset is a relevant business, carrying on the relevant business;

‘specified asset’ has the meaning assigned to it by section 14A;”.