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
5:30 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Perhaps the outcome will be the same in both instances, if I understand what the Minister has said. The memorandum of understanding, were this amendment to be accepted, would not be on a statutory basis because it is not explained or spelled out. There is simply a legislative requirement to have a memorandum of understanding, but the memorandum itself would not be on a statutory basis. Would that not be the case?