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

On Committee Stage in the Seanad I brought forward an amendment to delete section 58(10). I also brought forward an amendment to section 60 of the Bill which provides the Minister with the power to make regulations prescribing the rate of contribution by credit unions to the credit union fund for the purposes of the provision of stabilisation support under section 58(6). Stabilisation support will be made available out of funds raised through this levy. Therefore, section 58(10) is no longer required and was deleted by this amendment.

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