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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I understand also that when proposals were being put forward in regard to this Bill, the five-year period was the recommendation of the Central Bank.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 10: In page 8, subsection (2), lines 10 and 11, to delete “in relation to a credit information subject”.Amendments Nos. 10 to 12, 14, 53 and 57 do not give the bank any new powers to process data, but are designed to provide more flexibility in how the bank must process information on the register and safeguard against limiting the technical or IT solutions...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 11: In page 8, subsection (2)(a), line 12, after “information” to insert “in relation to a credit information subject”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 12: In page 8, subsection (2)(b), line 14, to delete “the” and substitute “a”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 13: In page 8, subsection (2)(b), line 16, to delete “and” and substitute the following:“(c) details linking any credit information subject who has made a credit agreement for the provision of credit with any other credit information subject who has given a guarantee or indemnity in connection with the credit agreement or also has liabilities under...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 14: In page 8, subsection (2)(c), line 18, to delete “the” and substitute “a”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 15: In page 8, subsection (1)(f), line 33, after “2005)” to insert the following:“and any other reference numbers allocated to the individual for the purposes of tax (whether in the State or any other country or territory)”.The proposed amendments, Nos. 15 to 25, inclusive, provide for the following additional personal information fields to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 16: In page 8, subsection (1)(g), line 35, to delete "a business" and substitute "other activities".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 17: In page 8, subsection (2), line 39, to delete "a business" and substitute "activities otherwise than as an employee".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 18: In page 8, subsection (2)(a), line 40, to delete "the trading name of the business" and substitute the following:"any trading name, the nature of the entity by which the activities are carried on".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 19: In page 9, subsection (2)(b), line 2, to delete "business is" and substitute "activities are".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 20: In page 9, subsection (2)(c), line 3, to delete "the business;" and substitute "any place where the activities are carried on.".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 21: In page 9, subsection (2), line 4, to delete paragraph (d).

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 22: In page 9, subsection (3)(a), lines 7 and 8, to delete all words from and including "and" in line 7 down to and including "subject" in line 8 and substitute the following:", the nature of the entity it is and any registration number issued to it".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 23: In page 9, subsection (3)(b), lines 11 and 12, to delete "business of the credit information subject is" and substitute "activities of the credit information subject are".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 24: In page 9, subsection (3), lines 16 and 17, to delete paragraph (d) and substitute the following:"(d) all reference numbers allocated to the credit information subject for the purposes of tax (whether in the State or any other country or territory);".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 25: In page 9, subsection (3)(e), line 19, to delete "business" and substitute "its activities".

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 26: In page 9, subsection (1)(b), line 41, after "nature" to insert "and extent".The Bill, at section 7(1)(b), provides for the collection of "the nature of any guarantee or indemnity, or any security, given or to be given", which, we understand, enables the bank to collect the type of guarantee, indemnity or security offered and details of whether it is, for example, a...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Reporting Bill 2012: Committee Stage (23 Oct 2013)

Brian Hayes: I move amendment No. 27: In page 9, subsection (1)(b), line 42, after "given" where it secondly occurs to insert "and details of any associated valuation".

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