Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

2:45 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

I thank the witnesses for coming before the committee. It is significant that an organisation such as the Credit Union Managers Association, CUMA, which represents so many of those who deal face-to-face with customers are so supportive of the Bill as it is drafted. From both it and the Credit Union Development Association I get a sense that while there may be small areas of dispute we should get on with it and deal separately with other areas of reform to the credit union movement later. I get a sense of urgency from the witnesses.

Yesterday, reference was made to the process. Do the witnesses feel nine months was adequate? Do they feel enough time was given at the meetings to deal with all of what we are now discussing? It was stated the report was agreed unanimously by all participants. Was it reluctantly agreed unanimously?

Are the witnesses satisfied the deliberations of the commission were followed through in its report and in the draft legislation? Is there an unbroken chain of integrity between the three? Some groups have suggested that what we see in the draft legislation does not reflect the views expressed during the process. The witnesses seem to suggest they are happy with the process and its integrity and I ask them to restate this.

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