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

Jennifer Carroll MacNeill: To clarify, the member can refuse, so if the member chooses to continue getting information in the same way he or she has preferred and enjoyed in the past, it is available to him or her. It is not a de facto shift or switch-off. The member will still be able to do that if he or she wishes. As I understood it, the Deputy is saying, we must prescribe the manner in which the member responds...

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

Jennifer Carroll MacNeill: Then the member is entitled to continue to get the information the way he or she has received it in the past.

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

Jennifer Carroll MacNeill: All of it, yes.

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

Jennifer Carroll MacNeill: The member will have to respond to give consent. He or she must positively give consent. It can be imagined in practical terms that this might be done the next time the member comes to the office and signs it. We are trying to find the most practical solution so it might be emails or someone provides a response proactively in the post or comes in and signs it the next time he or she has a...

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

Jennifer Carroll MacNeill: We are enabling that it can be a response in writing, be that in hard copy written form or an email response. We are providing for the broadest enabling measure. It will always be available for a member of the credit union to request at any time in the future that it be in writing. A member can respond in an email or hard copy and may at any time withdraw previously given consent.

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

Jennifer Carroll MacNeill: The member would first have had to give consent to stop getting it in paper. The member may then withdraw that consent and return to getting it back in paper at any time in the future.

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

Jennifer Carroll MacNeill: It involves the changes in section 188A(1)(c) as inserted by section 56, which it is proposed to be inserted by amendment No. 48,,"by electronic means to such address as has been notified in writing", so the provision is there. Does the Deputy want me to come back and reply-----

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

Jennifer Carroll MacNeill: -----and go through steps one, two, three and four before Report Stage?

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. 43: In page 21, between lines 2 and 3, to insert the following: “Amendment of section 81 of Principal Act (general meetings: adjournment, quorum and minutes) 45. Section 81 of the Principal Act is amended— (a) in subsection (4), by the substitution of “Subject to subsections (5) and (5A)” for “Subject to subsection...

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. 44: In page 21, lines 5 and 6, to delete all words from and including “amended,” in line 5 down to and including line 6 and substitute the following: “amended— (a) in subsection (2), by the substitution of “irrespective of the member’s shareholding” for “irrespective of his shareholding”, and (b) in...

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. 45: In page 21, between lines 29 and 30, to insert the following: “Amendment of section 92 of Principal Act (investigations and calling of meetings) 49. Section 92 of the Principal Act is amended, in subsection (1), by the substitution of the following paragraph for paragraph (a): “(a) an application is made to the Bank by— (i) 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. 46: In page 22, between lines 17 and 18, to insert the following: “Amendment of section 129 of Principal Act (transfer of engagements between credit unions) 53. Section 129 of the Principal Act is amended by the substitution of the following subsection for subsection (1): “(1) Subject to compliance with section 130— (a) a credit...

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. 47: In page 23, lines 3 and 4, to delete all words from and including “amended,” in line 3 down to and including line 4 and substitute the following: “amended by the substitution of the following subsection for subsection (6): “(6) For the purposes of this section and sections 162 and 163, the interest of a member of a credit union in...

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. 48: In page 23, between lines 4 and 5, to insert the following: “Delivery of notices etc. 56. The Principal Act is amended by the insertion of the following section after section 188: “188A.(1) Subject to subsection (3), where a notice, direction or other document is authorised or required by or under this Act to be sent or delivered to a member of...

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. 49: In page 23, to delete lines 11 to 21 and substitute the following: “(c) section 53(10)(a) and (c); (d) section 65; (e) section 66; (f) section 67; (g) section 68; (h) Part IVA; (i) section 81(5); (j) section 97(1)(a)(i); (k) section 128; (l) Part VIII.”.”.

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. 50: In page 23, after line 21, to insert the following: “Amendment of First Schedule to Principal Act 57. The First Schedule to the Principal Act is amended— (a) by the insertion of the following paragraph after paragraph 6: “6A. The procedure in accordance with which a person may be designated or de-designated under section 67(4) 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. 51: In page 23, after line 21, to insert the following: “Insertion of Sixth Schedule to Principal Act 58. The Principal Act is amended by the insertion of the following Schedule after the Fifth Schedule: “SIXTH SCHEDULESection 13 MATTERS TO BE PROVIDED FOR IN RULES OF CORPORATE CREDIT UNION 1. The name of the credit union, which shall comply 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 mentioned earlier but to reiterate that on Report Stage we will be coming back on Section 36 on the revised processes for the approval of loans, and Section 67 on the revised processes for the review and approval of membership applications. Just to flag that.

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

Jennifer Carroll MacNeill: I thank the officials for their work on this. I also want to thank the credit union movement, the Credit Union Development Association, CUDA, Credit Union Managers Association, CUMA, Irish League of Credit Unions, ILCU, the National Supervisors Forum, NSF, and the Central Bank, which have done huge work in a very collaborative way. I appreciate this is complicated legislation. We are...

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

Jennifer Carroll MacNeill: I hope as soon as may be. We have the two amendments in drafting and they do have priority. I might revert to the Deputies privately as soon as I get notice of that because I would be very keen to get this done and come back on Report Stage as quickly as may be. We offered a briefing to Deputies in advance of Committee Stage. We will do the same again to facilitate the committee in any...

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