Róisín Shortall (Dublin North West, Social Democrats) | Oireachtas source

I want to speak specifically about the business in hand, the legislation.

The Social Democrats welcome the legislation and support it. Clearly, there are three main provisions: to facilitate credit unions to hold meetings virtually; to increase the number of consecutive terms of office of a member of the IFAC; and to include the EU as a facility lender. Essentially, this is tidying-up legislation. It addresses a number of administrative issues. The Social Democrats do not have a difficulty with that.

I want to make a few comments on the section regarding credit unions. I note some of the amendments that have been tabled in this regard, particularly No. 4, which relates to the need to ensure secrecy in election votes, and amendment No. 8, whereby proxy votes need to be submitted up to seven days in advance of an AGM rather than 48 hours. Both of those amendments have some merit. I hope the Minister of State might consider them. They would improve the legislation.

The legislation has been welcomed by credit unions. They would certainly favour both amendments but the bottom line is that the legislation is enabling legislation. It does not bind credit unions to operate the proxy system in the way that is set down. Overall, the legislation is very much welcome. I will not delay the House any longer. I am happy to support the Bill.

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