Results 3,621-3,640 of 27,945 for speaker:Michael McGrath
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 12: In page 9, before section 7, to insert the following new section:"7.--The Principal Act is amended by the insertion of the following new section:"26A.--(1) A credit union may promote, invest in, loan to, and/or contract with a credit union service organisation approved by the Bank (on such terms as the bank consider appropriate) and engaged in activities and services...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 13: In page 9, before section 7, to insert the following new section:"7.--Section 6(2) of the Principal Act is amended by the insertion of the following paragraph after paragraph (g):"(h) a credit union may lend to state guaranteed projects which are in keeping with the objects for which credit unions are formed as stated in this section,".".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 14: In page 9, before section 7, to insert the following new section:"7.--Credit unions shall be permitted to operate electronically enabled payment accounts.".Deputy O'Donnell will be pleased to know this is about debit cards. It provides for explicit recognition and permission for credit unions to operate electronically enabled payment accounts. Many of the larger...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: Under the Bill, will credit unions have to apply individually to the Central Bank for permission to operate a debit card system?
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: On that basis, I will withdraw the amendment.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 18: In page 11, lines 35 to 37, to delete all words from and including “and” in line 35 down to and including “legislation” in line 37.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 25: In page 19, lines 22 and 23, to delete all words from and including "or" in line 22 down to and including "legislation" in line 23.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 27: In page 19, to delete lines 32 to 34 and substitute the following: “(a) an employee of the credit union;”.The section is harsh as it relates to the proposed exclusions to prevent people from becoming directors. My amendment relates to voluntary assistants serving on the board of another credit union. People who act as volunteers in credit unions embody...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I welcome the fact that the Minister will revisit the issue of the prohibition of family members of volunteers from sitting on boards. Insisting that someone with a brother or sister who volunteers in a credit union should not be allowed to sit on its board goes too far in a small community. Another approach to the issue of volunteers serving on boards would be to put a cap on the number of...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 29: In page 19, lines 36 and 37, to delete all words from and including “or” in line 36 down to and including “union” in line 37.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 30: In page 19, to delete lines 38 to 41.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 32: In page 20, to delete lines 22 to 24.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 33: In page 20, line 27, to delete “, employee or voluntary assistant” and substitute “or employee”.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: Many arguments have been made against this provision. I subscribe to the principle of rotation but, given that there is an acceptance that this may cause problems for the smaller credit unions, could the rotation principle be linked to the tiering of credit unions and give recognition to the fact that this will pose particular problems for smaller credit unions? There must be some way of...
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 44: In page 24, lines 31 and 32, to delete "or any other financial services legislation".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 47: In page 27, lines 6 and 7, to delete "the obligations under financial services legislation and".
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 64: In page 48, lines 23 and 24, to delete all words from and including "compliance" in line 23 down to and including "of" in line 24.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 73: In page 52, to delete lines 23 to 26 and substitute the following:“(a) an employee of the credit union;”.This discussion parallels the one we had in respect of eligibility to serve on the board. I suggest the same principles should apply and ask the Minister to reflect on these amendments on that basis.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 74: In page 52, to delete lines 27 and 28.
- Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)
Michael McGrath: I move amendment No. 75: In page 52, lines 29 and 30, to delete “or a director of any other credit union”.