Leo Varadkar (Dublin West, Fine Gael) | Oireachtas source

A nine-month timed amendment does not mean that nothing can be done for nine months. That is certainly not my interpretation of what a timed amendment means. It is prudent to ask the Central Bank for a view on the legislation. We have accepted legislation Deputy Doherty has proposed on consumer contracts and we are open to accepting the legislation he is proposing now. However, as is the case with any legislation that affects financial services or industries such as insurance, we are required to get the view of the Central Bank, and I will consult my colleagues to see if we can get that view over the summer. I do not see why we would be required to wait nine months to do that. I might be wrong but I undertake to check up on that and come back to the Deputy.

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