Oireachtas Joint and Select Committees

Wednesday, 7 December 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Central Bank (Individual Accountability Framework) Bill 2022: Committee Stage (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I move amendment No. 36:

In page 55, line 31, to delete “section 33BE(5)” and substitute “section 33BE(7)”.

I propose to discuss amendments Nos. 36, which amends section 56, and amendments Nos. 48 to 55, inclusive, which amend section 66, together because they all deal with the separation of functions in the Central Bank's processes in line with the requirement for the independence of decision-makers handed down in the Supreme Court decision in the Zalewski case. Amendment No. 36 is a technical amendment to a cross reference, in light of the amendments to section 66, which amend section 33BE. It amends a cross reference from subsection 33BE(5) to section 33BE(7). Amendments Nos. 48 to 55 are grouped together as they deal with the separation of functions during the course of an inquiry. This is to provide for fairness of procedures in inquiry processes on foot of the Supreme Court decision in the Zalewski case.

A number of the amendments to section 66 are technical in nature to facilitate the insertion of subsections (5) and (6) in amendment No. 52. These are amendments Nos. 48, 50, 51 and 53 to 55, inclusive. Amendment No. 49 amends an incorrect reference in the Bill that should refer to section 33AO.