12.— (1) For the purposes of this section the “relevant Acts” are—

(a) in respect of the application of this section in the year 2013—

(i) the Financial Emergency Measures in the Public Interest Act 2009;

(ii) the Act of 2009; and

(iii) the Act of 2010;

(b) in respect of the application of this section in the year 2014 and subsequent years—

(i) each of the enactments specified in paragraph (a), and

(ii) this Act.

(2) Before 30 June in 2013 and every year after 2013, the Minister shall—

(a) carry out a review of the operation, effectiveness and impact of the relevant Acts, having regard to the overall economic conditions in the State and national competitiveness,

(b) consider whether or not any of the provisions of the relevant Acts continue to be necessary having regard to the purposes of those Acts, the revenues of the State and State commitments in respect of public service pay and pensions,

(c) make such findings as he or she thinks appropriate consequent on the review and consideration, and

(d) cause a written report of his or her findings resulting from the review and consideration to be prepared and laid before each House of the Oireachtas.

(3) The following provisions are repealed—

(a) section 13 of the Financial Emergency Measures in the Public Interest Act 2009;

(b) section 7 of the Act of 2009; and

(c) section 10 of the Act of 2010.

(4) If any step taken under a provision specified in subsection (3) is commenced but not completed before the commencement of this section then that step may be continued and completed under subsection (2).