(1) In this section -

'Act' means the Taxes Consolidation Act 1997;

'contribution week' has the same meaning as it has in section 2 of the Social Welfare Consolidation Act 2005;

'emoluments', 'employer', 'employee' and 'income tax month' have the same meanings as they have in Chapter 4 of Part 42 of the Act;

'gross pay' has the same meaning as it has in the Regulations;

'Minister' means the Minister for Finance;

'proprietary director', in relation to a company, has the same meaning as it has in section 472 of the Act;

'qualifying employee', in relation to an employer, means, subject to subsections (1A) and (1B) -

(a) an individual, who, in relation to the employer is or was a specified employee for the purposes of section 28, or