3.—(1) For the purpose of section 13C of the Act, the Board may permit a person to pay to the Fund contributions for himself or herself if he or she —| (a) | applies to the Board to pay to the Fund contributions for himself or herself under section 13C of the Act; and | | (b) | either —| (i) | is the owner of a relevant immovable property on the date of the application mentioned in sub‑paragraph (a); or | | (ii) | has, within the specified period before the date of the application mentioned in sub‑paragraph (a), sold, transferred or otherwise disposed of a relevant immovable property owned by him or her. |
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(2) In this regulation —| “former provision” means section 21(10)(b), 21A(9)(b) or 21B(11)(b) of the Act as in force before 1 January 2013 (as the case may be), read with section 15(15)(e)(ii) or (iii) of the Act as in force before that date, as the case may be; |
“relevant immovable property”, in relation to a person mentioned in paragraph (1)(b), means any immovable property —| (a) | with a property charge on that person’s estate or interest in that immovable property —| (i) | under section 21 or 21A of the Act (as in force before 1 January 2013); or | | (ii) | constituted on that immovable property under section 21B of the Act (as in force before 1 January 2013); |
| that ceased to be in force under a former provision; and |
| | (b) | that was owned by the person mentioned in paragraph (1)(b) when the property charge mentioned in paragraph (a) was created or constituted and ceased to be in force; |
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| “specified period” means a period of one month or such longer period as the Board may allow in a particular case. |
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