Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We welcome the passage of this legislation. The Credit Union Restructuring Board, ReBo, played an important role in the restructuring of the credit union movement. It is fair to say that only a fraction of the overall fund that was put in place has had to be used. Are all the arrangements now in place to give effect to the measures in this Bill? I assume that ReBo is essentially stood down at this stage. I presume the transfer of the remaining fund into the central fund provided for in the Bill will now happen immediately.

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