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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 40: In page 21, between lines 37 and 38, to insert the following subsection:"(2) An amendment to the rules of a credit union passed in accordance with section 14(1) of the Principal Act to give effect to section 53(3) of that Act, as amended by subsection (1), shall have immediate effect notwithstanding section 14(2) of that Act.".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 41: In page 22, to delete lines 8 to 11 and substitute the following:"(4) Subject to subsection (10), the chair shall cause a detailed agenda of items for consideration and discussion to be prepared by the secretary of the credit union for each meeting of the board of directors.".These are technical amendments.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 42: In page 22, line 29, to delete "shall".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 43: In page 24, lines 8 to 10, to delete all words from and including "manager," in line 8 down to and including "officer" in line 10 and substitute "manager and risk management officer".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 45: In page 26, line 41, to delete "director" and substitute "directors".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 46: In page 26, line 46, to delete "setting the agenda" and substitute "causing the agenda to be set by the secretary".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 48: In page 27, line 11, to delete "requested" and substitute "reasonable".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 50: In page 29, line 6, to delete "delegation" and substitute "matters to be carried out on behalf of the board".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 51: In page 29, line 16, to delete "this".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 52: In page 29, line 33, to delete "section 55A" and substitute "section 54".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 53: In page 31, line 19, after "of" where it firstly occurs to insert "the".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: The section relates to the suspension and removal of a director by the board oversight committee. The amendment proposes that when forming an opinion which may lead to the decision to suspend a director the board oversight committee will be required to express its opinion in written form to the director concerned. I thank the Deputy for tabling the amendment. It is one in which there is...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 56: In page 36, lines 19 and 20, to delete all words from and including "66A.-" in line 19 down to and including "shall-" in line 20 and substitute the following: "66A.-(1) A credit union shall have governance arrangements which shall-".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 57: In page 36, between lines 36 and 36, to insert the following:(2) A credit union shall have in place the oversight, policies, procedures, practices, systems, controls, skills, expertise and reporting arrangements to ensure compliance with the requirements set out in this Part.".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 59: In page 47, line 23, to delete "(9) For the" and substitute "(6) For the".These are all technical amendments.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 60: In page 47, line 46, to delete "(10) Where-" and substitute "(7) Where-".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 61: In page 48, line 7, to delete "(11) An outsourced" and substitute "(8) An outsourced".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 63: In page 48, line 21, to delete "(12) Where a" and substitute "(9) Where a".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 65: In page 48, line 26, to delete "(13) Nothing in" and substitute "(10) Nothing in".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 66: In page 48, lines 34 to 36, to delete all words from and including "of" in line 34 down to and including "union." in line 36 and substitute the following:"(of any minor non-business activity where a defect or failure in its performance could not impair-(i) the continuing compliance with the conditions and obligations of the credit union's registration or its other...

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