(1) Section 130 of the Principal Act is amended -

(a) by substituting "section 131;" for "section 131." in subsection (2) (e),

(b) by inserting the following after paragraph (e) of subsection (2):

"(f) any qualifying amount (within the meaning of subsection (2C)) paid to an individual who at the time that amount is paid -

(i) is a beneficiary under the terms of a trust deed of an employee share ownership trust approved of by the Revenue Commissioners under Schedule 12 and for which approval has not been withdrawn and which trust deed contains provision for the transfer of securities to the trustees of a scheme approved of by the Revenue Commissioners under Schedule 11 and for which approval has not been withdrawn, and

(ii) would be eligible to have securities appropriated to him or her, had such securities been available for appropriation, under the scheme referred to in subparagraph (i).",

and

(c) by inserting the following after subsection (2B):