5. Child benefit (new rates).
(1) Section 221 of the Principal Act is amended by substituting the following subsection for subsection (1) (amended by section 17 of the Act of 2006):
"(1) Subject to this Act, a qualified person shall be paid a monthly benefit of the amount set out in column (2) of Part 4 of Schedule 4 for a qualified child referred to in column (1) of that Part of that Schedule opposite that amount.".
(2) Schedule 4 to the Principal Act is amended by substituting the following Part for Part 4 (inserted by section 7 of the Act of 2009):
"Part 4 Amounts of Child Benefit
|
Child in respect of whom child benefit is payable |
Monthly rate of child benefit payable per child |
|---|---|
|
(1) |
(2) |
|
|
€ |
|
1. Each of the first 2 qualified children |
140.00 |
|
2. Third qualified child |
167.00 |
|
3. Each qualified child in excess of 3 qualified children |
177.00 |
(3) This section comes into operation on 1 January 2011.