Results 201-220 of 3,463 for speaker:Jennifer Carroll MacNeill

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. 1: In page 5, to delete lines 23 to 35 and substitute the following: “3.Section 2 of the Principal Act is amended, in subsection (1)— (a) in the definition of “officer”, in paragraph (a), by the insertion of “a member of the appellate body referred to in section 37,” after “a member of the board oversight...

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

Jennifer Carroll MacNeill: Deputy English is right in saying that a lot of this is technical in nature. In response to the point raised by Deputy Doherty, the purpose is to allow additional expertise to be placed on the board. As was said, the sector is getting more streamlined and more professional and it is important that boards are able to bring in additional expertise where necessary or appropriate. The broad...

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

Jennifer Carroll MacNeill: We have no difficulty with working collaboratively on this. I am very happy to deal with any issue of that kind on Report Stage. We did not see it in the same way but we are very happy to go back and look at that again. The whole essence of this Bill is collaboration.

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

Jennifer Carroll MacNeill: The arrangement being that we will withdraw it and bring it back on Report Stage. Is that what you mean?

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. 2: In page 6, line 18, to delete “2014;”.” and substitute the following: “2014;”, and (c) by the substitution of the following definition for the definition of “common bond”: “ ‘common bond’ means a common bond falling within subsection (3) or (7) of section 6;”.”. This...

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

Jennifer Carroll MacNeill: I cannot do that at this stage because it is a regulatory matter for the Central Bank to set that out. It would be premature for me to do that. As the Deputy knows, we have been working with the Central Bank very collaboratively on every aspect of this legislation but it is for the Central Bank to set down regulations governing the processes. Therefore, I cannot answer the Deputy's...

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

Jennifer Carroll MacNeill: Deputies are correct. A memorandum of understanding between the Central Bank, the Department of Finance and the Credit Union Advisory Committee, CUAC, is being drafted. CUAC has a strong role to play in this at all stages. I am aware the International Credit Union Regulators' Network, ICURN, review is under way at the moment and the work by the Central Bank is important in tandem with...

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. 3: 3. In page 6, to delete lines 21 to 25 and substitute the following: “(a) in subsection (1), by the substitution of “Subject to subsection (6), a society may be registered” for “A society may be registered”,”.

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. 4: 4. In page 6, between lines 26 and 27, to insert the following: “(i) by the substitution of the following paragraph for paragraph (a): “(a) the promotion of the accumulation of savings by its members;”, (ii) in paragraph (d), by the substitution of “the use of money” for “the wise use of money”, (iii) by 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. 5: 5. In page 6, to delete lines 27 to 32 and substitute the following: “(iv) in paragraph (f), by the substitution of “of the well-being of the members’ community; and” for “of the well-being and spirit of the members’ community; and”,”.

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. 6: 6. In page 6, lines 37 and 38, to delete all words from and including “the” in line 37 down to and including line 38 and substitute the following: “each of the following conditions is fulfilled: (a) the society is formed— (i) for no object other than— (I) to provide services to those credit unions and their members, and...

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. 7 7. In page 7, to delete lines 1 to 27 and substitute the following: “(10) Where a website is maintained by or on behalf of a credit union, the credit union shall publish, on the website maintained by it or on its behalf, as the case may be— (a) a description of the common bond of the credit union, or (b) where the common bond of the credit...

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

Jennifer Carroll MacNeill: In the sequencing of amendments, it is difficult that they are going into different places.

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

Jennifer Carroll MacNeill: The numbers will work in the consolidated version. This is the problem with this sort of amending legislation. We are amending an amending Act to an amending Act. It does not draft well, but it works in sequence.

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. 8: 8. In page 8, to delete lines 2 to 10 and substitute the following: “6. Section 13 of the Principal Act is amended, in subsection (1)— (a) by the substitution of the following paragraph for paragraph (a): “(a) in the case of a credit union, other than a corporate credit union, provisions with respect to the matters specified 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. 9: 9. In page 8, between lines 30 and 31, to insert the following: “(c) in subsection (5), by the substitution of “in the interests of the proper and orderly regulation of the credit union” for “not contrary to the financial services legislation”,”.