Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I move amendment No. 3:

In page 8, after line 41, to insert the following:

“Short title, collective citation and commencement

13. (1) This Act may be cited as the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018.(2) The Central Bank Acts 1942 to 2015 and this Act may be cited together as the Central Bank Acts 1942 to 2018.

(3) This Act shall come into operation on such day or days as the Minister for Finance may by order or orders appoint either generally or with reference to any particular purpose or provision and different days may be so appointed for different purposes or different provisions.”.

This amendment deals with the Short Title, citation and commencement. The Short Title has been changed to the Consumer Protection (Regulation of Credit Servicing Firms) Act 2018. Standard collective citation and commencement provisions are applied. The Long Title has also been changed. These changes reflect the amendments made to the Bill.

I want to raise one issue with the Minister regarding the commencement of this legislation, which, as provided for in the amendment, would be a matter for the Minister for Finance. I assume that the intention is that, once it is enacted, the legislation will come into effect. Is the Minister of State of the view that a commencement order is required?