Dáil debates

Thursday, 13 December 2012

Credit Union Bill 2012: From the Seanad

 

4:20 pm

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

I brought forward an amendment in the Seanad to delete Section 67, which provided that the cost of stabilisation support and any other support, financial or otherwise, required as a condition of stabilisation support shall be met from the credit union fund. Any moneys recouped from a credit union in respect of support provided would be paid into the fund. This section was removed, as subsection (2) is covered by Section 58(6) and 58(2) and is covered also by Section 58(9).

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