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Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: The net issue of amendment No.1 is that the terms and conditions of the scheme should be published before the Bill comes into operation. I am not singling out Deputy Timmins, but the debate has become very broad-ranging and has gone way beyond that. Were we to continue like that, we would never get to the end of the Bill. I ask that Members confine their contributions to the amendment we...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I do not like to interrupt Deputy Shatter, but the question of the regulation making authority of the Minister arises under section 5 of the Bill. The net effect of amendment No. 1 relates to the question of the terms and conditions being published prior to the implementation of the legislation and the role of the Oireachtas. My difficulty is that I have allowed a considerable amount of...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I know that. The question of the nature of the terms and conditions, and what they should or should not contain, is an entirely separate issue to the publication of terms and conditions.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: We must deal with amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: That does not come within the ambit of amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: We are dealing with amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I must ask the Deputy to address amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: The Deputy's point must bear some relation to the amendment.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: The Deputy has had a lot of latitude which cannot be available for other amendments or we will never get to the end of the Bill.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I am not criticising the Deputy but——

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: Members are raising a number of issues which are relevant to different sections.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I have explained on numerous occasions the import of amendment No. 1. My difficulty from here on is that while the amount of time available is in theory limitless, nonetheless, nobody will be around for eternity. In those circumstances, from here on and certainly when we come to the next amendment, I must insist that Members speak to the amendment.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: Every other speaker did not get the privilege to do so. When Members spoke, they spoke to the amendment.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: The net point of the amendment relates to the question of the publication of the terms and conditions prior to the commencement of the legislation.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: That is a Second Stage speech.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: I appreciate that but the difficulty is that there are 28 amendments. Once we have disposed of amendment No. 1 we will have to tighten things up. I will have to burst a few bubbles of my own because if I do not we will never get the legislation passed.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: Deputy O'Keeffe must discuss amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: There has to be, but I ask Deputy O'Keeffe to return to amendment No. 1. I will have to insist on this from now on today.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: The Deputy might be but he can stay here until all the amendments are disposed of. He cannot speak about amendment No. 28 while amendment No. 1 is being discussed.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

John O'Donoghue: For goodness sake.

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