Michael Noonan (Limerick City, Fine Gael)

I move amendment No. 5:

In page 64, line 31, to delete "by the Central Bank".

These amendments are required to address a technical issue with the wording of section 88 and of item 3 of Schedule 2, Part 4, which amends section 74 of the Land and Conveyancing Law Reform Act 2009, as published. Any disposal pursuant to an order will not in practice be made by the Central Bank although the Central Bank will be proposing the order. It is therefore necessary to remove the words "by the Central Bank". It looked as if the Central Bank would be acting in such circumstances. Where the action is taken under the instruction of the Central Bank it is not the agent who will be acting and in view of this we wish to delete "by the Central Bank". It is a purely technical amendment.

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