Dáil Éireann Debate, Thursday - 26 October 2006
152 Ms Enright asked the Minister for Agriculture and Food if an extension of time will be granted to a person (details supplied) in County Tipperary for participation in the land purchase and reclamation annuities discounted redemption scheme; and if she will make a statement on the matter. [35073/06]
View answerThe current discounted buy out scheme for Land Purchase Annuities is governed by Statutory Instrument No. 830 of 2005, the Land Purchase Annuities Redemption Scheme Regulations, made under the Land Act 2005. The scheme commenced on 1 January 2006 and was to terminate on the 30th June 2006. I have by Statutory Instrument No. 352 of 2006, the Land Purchase Annuities Redemption Scheme (Amendment) Regulations, already extended it beyond its original expiry date of 30 June 2006 to 31 October 2006 for all annuitants to specifically facilitate those who needed additional time to raise the finance necessary to participate. This extension has been notified to all remaining annuitants on a number of occasions and I have no plans to further extend the scheme.
153 Ms Enright asked the Minister for Agriculture and Food if the land purchase and reclamation annuities discounted redemption scheme can be paid in instalments by a person (details supplied) in County Tipperary; and if she will make a statement on the matter. [35074/06]
View answerThe legislative basis for the current discounted buy out scheme for Land Purchase Annuities is contained in the Land Act 2005 which provides for the introduction of a scheme for early redemption of annuities at a discounted price provided the annuity is redeemed by a single payment to include all outstanding arrears. As the Act does not contain any provision for the exercise of discretion or for varying the conditions for participation in the scheme for any individual annuitant, the person named cannot participate in the scheme on the basis of making instalment redemption payments.
