Section 787U Regulations

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Amendments

Section 787U inserted by Finance Act 2006 section 14(1)(e) from 7 December 2005.

(1) The Revenue Commissioners may make regulations prescribing the procedure to be adopted in giving effect to this Chapter, in so far as such procedure is not otherwise provided for, and providing generally as to the administration of this Chapter, and without prejudice to the generality of the foregoing, regulations under this section may include provision for specifying, for the purposes of this Chapter, the person who shall be treated as the administrator of a relevant pension arrangement of a kind described in paragraphs (e) and (f) of the definition of relevant pension arrangement in section 787O(1).

What type of matters can the Revenue regulations deal with?

(1) Revenue may make regulations detailing the procedures to be followed in relation to pension fund arrangements. Such regulations may provide a procedure for specifying who is to be treated as the administrator of:...

to read the full commentary

(2) Every regulation made under this section shall be laid before Dáil Éireann as soon as may be after it is made and, if a resolution annulling the resolution is passed by Dáil Éireann within the next 21 days on which Dáil Éireann has sat after the regulation is laid before it, the regulation shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.

How are such regulations approved?

(2) Such regulations must be laid before Dáil Éireann. If annulled within 21 days, the regulations are cancelled, but any thing done under the regulations within that 21 day period remains effective.