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

This amendment splits section 57(1) into two subsections to provide clarity on the effect of disclosure of information by ReBo on any duty of confidentiality or on any obligation under the Data Protection Acts. Section 57(1), as amended in the Seanad, provides that a credit union which discloses information to ReBo does not breach any applicable duty of confidentiality. The new section 57(2), created by that amendment, sets out that a credit union may disclose to ReBo personal data within the meaning of the Data Protection Acts. This amendment ensures that there is a legal gateway between credit unions and ReBo for the disclosure of information.

Amendment No. 170 inserts a new paragraph (h)into section 71(2) of the 1997 Act, which will allow officers of a credit union to disclose confidential information to ReBo and facilitates the sharing of information between the credit unions and ReBo. ReBo will protect the confidentiality of the information shared under section 51 of this Bill.

See this speech in context