Section 843 of the Principal Act is hereby amended in subsection (1) -

(a) by the substitution of the following definition for the definition of "approved institution":

"'approved institution' means -

(a) an institution of higher education within the meaning of section 1 of the Higher Education Authority Act, 1971, or

(b) an institution in the State in receipt of public funding which provides courses to which a scheme approved by the Minister for Education and Science under the Local Authorities (Higher Education Grants) Acts, 1968 to 1992, applies;",

and

(b) by the substitution, in the definition of "qualifying premises", of the following subparagraph for subparagraph (ii) of paragraph (b):

"(ii) is let to an approved institution,".