Fergus O'Dowd (Louth, Fine Gael) | Oireachtas source

I move amendment No. 11:

In page 23, to delete lines 10 and 11 and substitute the following:
"(c) a member of the staff of the Agency,
(d) a member of the National Pensions Reserve Fund Commission, or
(e) a member of the Board of the National Development Finance Agency.".

The Bill, as published, allows the agency to indemnify members of the National Pensions Reserve Fund commission provided that actions taken were done in good faith. This will apply after the commission has been dissolved under this legislation and removes the shadow, however remote, of commission members being caught up in illegal actions over things done by the commission. Members will agree that it is reasonable that the State should show that it is prepared to stand behind those it asked to serve on State boards. The purpose of the amendment is to extend the indemnity to the board of the National Development Finance Agency which, like the National Pensions Reserve Fund commission, is being dissolved.
Amendment No. 12 is consequential on amendment No. 11.