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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 38: In page 18, between lines 28 and 29, to insert the following: “Amendment of section 76N of Principal Act (election of board oversight committee) 41.Section 76N of the Principal Act is amended— (a) in subsection (1)— (i) in paragraph (a)— (I) by the substitution of “from among the members, by secret ballot at the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 39: In page 19, to delete lines 10 to 13 and substitute the following: “ “(b) shall, within the relevant period, be delivered to each member of the credit union.”.”. The grouping addresses the following issues: organisational matters regarding the delivery of notices of meetings, documents, annual accounts and the calling of meetings,...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 40: In page 19, line 16, to delete “personally, by post or by electronic means,”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 41: In page 19, lines 17 to 19, to delete all words from and including “meeting,” in line 17 down to and including “notice”, where it firstly occurs, in line 19 and substitute “meeting”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 42: In page 19, to delete lines 22 to 38, to delete page 20, and in page 21, to delete lines 1 and 2 and substitute the following: “44. Section 80 of the Principal Act is amended in subsection (2)— (a) by the substitution of the following paragraph for paragraph (d): “(d) shall, within the relevant period, be delivered— (i)...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: It is a logical point. We have not been prescriptive about that in the legislation but obviously that is a matter for the credit union. There is certainly a very strong logic to what the Deputy has said. I am not sure if it is necessary for us to put that in legislation but our provision is broad enough to enable that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: To clarify, the member can refuse, so if the member chooses to continue getting information in the same way he or she has preferred and enjoyed in the past, it is available to him or her. It is not a de facto shift or switch-off. The member will still be able to do that if he or she wishes. As I understood it, the Deputy is saying, we must prescribe the manner in which the member responds...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: Then the member is entitled to continue to get the information the way he or she has received it in the past.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: All of it, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: The member will have to respond to give consent. He or she must positively give consent. It can be imagined in practical terms that this might be done the next time the member comes to the office and signs it. We are trying to find the most practical solution so it might be emails or someone provides a response proactively in the post or comes in and signs it the next time he or she has a...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: We are enabling that it can be a response in writing, be that in hard copy written form or an email response. We are providing for the broadest enabling measure. It will always be available for a member of the credit union to request at any time in the future that it be in writing. A member can respond in an email or hard copy and may at any time withdraw previously given consent.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: The member would first have had to give consent to stop getting it in paper. The member may then withdraw that consent and return to getting it back in paper at any time in the future.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: It involves the changes in section 188A(1)(c) as inserted by section 56, which it is proposed to be inserted by amendment No. 48,,"by electronic means to such address as has been notified in writing", so the provision is there. Does the Deputy want me to come back and reply-----

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: -----and go through steps one, two, three and four before Report Stage?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 43: In page 21, between lines 2 and 3, to insert the following: “Amendment of section 81 of Principal Act (general meetings: adjournment, quorum and minutes) 45. Section 81 of the Principal Act is amended— (a) in subsection (4), by the substitution of “Subject to subsections (5) and (5A)” for “Subject to subsection...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 44: In page 21, lines 5 and 6, to delete all words from and including “amended,” in line 5 down to and including line 6 and substitute the following: “amended— (a) in subsection (2), by the substitution of “irrespective of the member’s shareholding” for “irrespective of his shareholding”, and (b) in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 45: In page 21, between lines 29 and 30, to insert the following: “Amendment of section 92 of Principal Act (investigations and calling of meetings) 49. Section 92 of the Principal Act is amended, in subsection (1), by the substitution of the following paragraph for paragraph (a): “(a) an application is made to the Bank by— (i) in the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 46: In page 22, between lines 17 and 18, to insert the following: “Amendment of section 129 of Principal Act (transfer of engagements between credit unions) 53. Section 129 of the Principal Act is amended by the substitution of the following subsection for subsection (1): “(1) Subject to compliance with section 130— (a) a credit...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 47: In page 23, lines 3 and 4, to delete all words from and including “amended,” in line 3 down to and including line 4 and substitute the following: “amended by the substitution of the following subsection for subsection (6): “(6) For the purposes of this section and sections 162 and 163, the interest of a member of a credit union in...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union (Amendment) Bill 2022: Committee Stage (18 Oct 2023)

Jennifer Carroll MacNeill: I move amendment No. 48: In page 23, between lines 4 and 5, to insert the following: “Delivery of notices etc. 56. The Principal Act is amended by the insertion of the following section after section 188: “188A.(1) Subject to subsection (3), where a notice, direction or other document is authorised or required by or under this Act to be sent or delivered to a member of...

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