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

This section of the Bill deals with preferential loans. I asked the departmental officials to explain the proposed subsection (j), on page 19 of the Bill, during the briefing. Perhaps the Minister can do so now. It is proposed to change the "specified rate" in relation to preferential loans. The current 4% rate is being increased to 5% and the current 13.5% rate is being decreased to 12.5%. Can the Minister explain to the committee why one is increasing and the other is decreasing?