Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 127 was made on Committee Stage in the Seanad. It consolidates the provisions relating to the power of the Credit Union Restructuring Board, ReBo, power to carry our certain functions. The power to appoint staff is provided for in section 54. The power to organise meetings is also set out in section 50. As a result unnecessary references to this section and to the powers were removed by the amendment.

Seanad amendment No. 128 deletes section 44(3), which is not required because section 44(2) already provides that ReBo may do anything it considers necessary or expedient to enable it to perform its functions. We are clearing up these tasks with the amendments.

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