(1) Section 29 of the Redundancy Payments Act 1967 is amended by inserting the following subsection after subsection (5) (inserted by section 15 of the Act of 2011):

"(6) Notwithstanding the provisions of this Act, a rebate shall not be made to an employer in respect of a lump sum payment paid to an employee under section 19 -

(a) where the dismissal by reason of redundancy, referred to in section 19, or

(b) in respect of an employee to whom section 12 applies, where -

(i) the date of the notice of intention to claim, referred to in section 12(1)(b), or

(ii) the date of the termination of the contract of employment of the employee concerned, referred to in section 12(2), occurs on or after 1 January 2013.".

(2) This section comes into operation on 1 January 2013.