The Principal Act is amended -

(a) in section 130 by inserting the following definitions:

"'Act of 2012' means the Personal Insolvency Act 2012;

'insolvency arrangement' means a Debt Settlement Arrangement or, as the case may be, a Personal Insolvency Arrangement (both within the meaning of section 2(1) of the Act of 2012);",

(b) in section 130 by substituting the following for "relevant event":

"'relevant event' means, in relation to a relevant residential property -

(a) the sale of the property, within the meaning of section 125, by or on behalf of a liable person who has claimed a deferral, or

(b) the completion of an insolvency arrangement, whether in accordance with its terms or its early termination, under Part 3 of the Act of 2012;",

(c) in section 131 by substituting the following for subsection (2):

"(2) A claim for deferral shall be valid if the conditions referred to in -

(a) section 132 or, as the case may be, that section and section 133,

(b) section 133A (inserted by the Finance (Local Property Tax) (Amendment) Act 2013), or

(c) section 133B (inserted by the foregoing Act),

are met.",