DISAPPLICATION OF CHAPTER 2 OF PART 9

61(1)  Chapter 2 of Part 9 (long funding leases of plant or machinery)–

(a)does not apply to any lease in relation to which condition A, B or C is met,

(b)does not apply in the case of the relevant lessor (see sub-paragraph (6)) to any lease in relation to which condition D is met, and

(c)does not apply in the case of the relevant lessee (see sub-paragraph (7)) to any lease in relation to which condition E is met.

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