Oireachtas Joint and Select Committees
Thursday, 11 May 2017
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank and Financial Services Authority of Ireland (Amendment) Bill 2014 [Private Members]: Committee Stage
9:30 am
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
This issue arose at the pre-legislative scrutiny stage of the process. The Department of Finance's point of view was that it would have unintended consequences of narrowing the definition to exclude small businesses such as sole traders and holders such as charities. The Department has engaged extensively with the Office of the Parliamentary Counsel on the definition of "consumer". That definition is more comprehensive. In particular it defines the term "consumer" as meaning in general terms individuals, small businesses, charities, clubs and so on. On reflection, Deputy Doherty is moving an amendment to delete the section. I welcome that very much and can agree to it.
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