Article 4 Amendment of certain existing agreements

The Department of Finance and Personnel hereby directs that for any percentage specified in a qualifying existing agreement there shall be substituted 10 per cent.

In this Article—

• “housing association” has the meaning assigned to it by Article 3 of the Housing (Northern Ireland) Order 1992^f1; and

• “qualifying existing agreement” means an existing agreement in respect of a hereditament owned by a person other than a housing association or the Northern Ireland Housing Executive.