As respects distributions made on or after 6 April 2000, section 153 (as amended by the Finance Act, 1999) of the Principal Act is amended -

(a) in subsection (1), by the substitution of the following definition for the definition of "non-resident person":

" 'qualifying non-resident person', in relation to a distribution, means the person beneficially entitled to the distribution, being -

(a) a person, other than a company, who -

(i) is neither resident nor ordinarily resident in the State, and

(ii) is, by virtue of the law of a relevant territory, resident for the purposes of tax in the relevant territory,

or

(b) a company which is not resident in the State and -

(i) is, by virtue of the law of a relevant territory, resident for the purposes of tax in the relevant territory, but is not under the control, whether directly or indirectly, of a person or persons who is or are resident in the State,

(ii) is under the control, whether directly or indirectly, of a person or persons who, by virtue of the law of a relevant territory, is or are resident for the purposes of tax in the relevant territory and who is or are, as the case may be, not under the control, whether directly or indirectly, of a person who is, or persons who are, not so resident, or

(iii) the principal class of the shares of which, or -