4.—(1) 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.
(2) In this Article—
“housing association” has the meaning assigned to it by Article 3 of the Housing (Northern Ireland) Order 1992(1); 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.