Oireachtas Joint and Select Committees

Wednesday, 21 November 2012

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Union Bill 2012: Committee Stage

5:50 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

I listened to the Minister's note. We all agree that the definition in the Act of the role of the treasurer is outdated and needs to be changed. Sinn Féin has no argument with that. There needs to be change there.

Amendment No. 123 proposes that "the treasurer of a credit union shall be responsible for ensuring the timely preparation of accounts and their presentation to members at general meetings". What would be the reason not to have a treasurer with that function at board level? Forgetting for the moment about the role a treasurer has in the existing legislation, should we not define the role of a treasurer on that basis?

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