(1) Section 221 of the Principal Act is amended by substituting the following subsection for subsection (1) (amended by section 5 of the Social Welfare Act 2010):

"(1) Subject to this Act, a qualified person shall be paid a monthly benefit -

(a) 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 for any entitlement to child benefit that occurs during the period beginning on 1 January 2012 and expiring on 31 December 2012, and

(b) of €140 for each qualified child in respect of any entitlement to child benefit that occurs on or after 1 January 2013.".

(2) Schedule 4 to the Principal Act is amended by substituting the following Part for Part 4 (amended by section 5 of the Social Welfare Act 2010):

"Part 4 Amounts of Child Benefit During the Period Beginning on 1 January 2012 and Expiring on 31 December 2012