17. Amendment of section 48 of Principal Act
Section 48 of the Principal Act is amended -
(a) by the substitution, in subsection (1), of "charitable organisation, that is not a company," for "charitable organisation",
(b) by the substitution, in subsection (3)(a), of "a charitable organisation, referred to in subsection (1), in a financial year does not exceed €250,000" for "a charitable organisation in a financial year does not exceed €100,000",
(c) by the insertion of the following subsections after subsection (3):
"(3A) A charitable organisation that is a company shall prepare financial statements in accordance with -
(a) the requirements of Part 6 of the Act of 2014, and
(b) regulations made under subsection (3B).
(3B) The Minister may, having regard to the requirements of Part 6 of the Act of 2014 and after consultation with the Minister for Enterprise, Trade and Employment, prescribe the form and content of financial statements, additional to the requirements contained in Part 6 of the Act of 2014, to be prepared by a charitable organisation referred to in subsection (3A).",
(d) in subsection (6) -