(1) The Principal Act is amended -

(a) by the insertion of the following Part after Part 18D:

"PART 18E DEFECTIVE CONCRETE PRODUCTS LEVY

531AAG. Interpretation (Part 18E)

In this Part -

'accounting period' means the period from 1 September 2023 to 31 December 2023 and thereafter a period of 6 months, the first such period beginning on 1 January 2024;

'chargeable person' means a person who makes the first supply of a concrete product;

'chargeable supply', in relation to a concrete product, means -

(a) the supply, within the meaning of paragraph (a) of the definition in this section of 'supply', of a concrete product by a person in the course of any business carried on in the State by the person,

(b) the supply, within the meaning of paragraph (b) of the said definition of 'supply', of a concrete product by a person in the State, or

(c) the supply, within the meaning of paragraph (c) of the said definition of 'supply', of a concrete product by a person in the State;

'concrete' means material formed by mixing cement, coarse and fine aggregate and water, with or without the incorporation of admixtures, additions or fibres, which develops its properties by hydration;

'concrete product' means -

(a) a product that -