Dáil debates

Wednesday, 24 October 2012

Credit Institutions (Stabilisation)(Amendment) Bill 2012: First Stage

 

11:15 am

Photo of Willie O'DeaWillie O'Dea (Limerick City, Fianna Fail)
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I move:

That leave be given to introduce a Bill entitled an Act to make provision for the restriction and regulation of bonus payments made by credit institutions covered by the Credit Institutions (Financial Support) Act 2008 to employees of those credit institutions and to defer the payment of such bonus payments for a period of five years after the date upon which they have been earned in order to ensure that the bonus payments are justifiable and merited.

Photo of Seán BarrettSeán Barrett (Ceann Comhairle; Dún Laoghaire, Ceann Comhairle)
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Is the Bill opposed?

Photo of Paul KehoePaul Kehoe (Minister of State and Government Chief Whip, Department of An Taoiseach; Wexford, Fine Gael)
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No.

Question put and agreed to.

Photo of Seán BarrettSeán Barrett (Ceann Comhairle; Dún Laoghaire, Ceann Comhairle)
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Since this is a Private Members' Bill, Second Stage must, under Standing Orders, be taken in Private Members' time.

Photo of Willie O'DeaWillie O'Dea (Limerick City, Fianna Fail)
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I move: "That the Bill be taken in Private Members' time."

Question put and agreed to.