(1) Subject to subsection (4), a residential property that has been damaged as a result of the use of defective concrete blocks in its construction shall not, for the purposes of section 16(1), be regarded as a relevant residential property where -
(a) a confirmation of eligibility in relation to the property has been issued,
(b) the property has been or is being remediated in satisfaction of a claim made and settled under structural warranty insurance, structural warranty guarantee or some other form of insurance, or
(c) the person who constructed the property, or who caused the property to be constructed (in this section referred to as the 'builder'), remediates the property or puts the liable person in relation to that property in sufficient funds to remediate the property,
and, in the case of a property referred to in paragraph (b) or (c), the Revenue Commissioners confirm, under subsection (2), that the residential property shall not be so regarded.
(a) A liable person may, in
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