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Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Kathryn Reilly: I move amendment No. 5: In page 19, line 25, to delete ?or voluntary assistant?.The amendment relates to the position of a voluntary assistant. Like Custer?s last stand, I will try one last time. I refer to the eligibility of volunteers to serve on boards. Yesterday, the Minister of State referred to amendment No. 127 but that was a different issue.

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Kathryn Reilly: Yes. There was some confusion on the matter. I still do not see why volunteers are being excluded from serving their community through membership of the board of directors. That is why I tabled the amendment deleting the words "or voluntary assistant". I also wish to delete lines 26 and 27. The issue has been brought to my attention recently. I accept that employees should not serve as...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: I move amendment No. 124: In page 59, before section 30, to insert the following new section:"30.--The Principal Act is amended by the insertion of the following new section after section 84A (inserted by this Act):"84B.--As soon as is practicable, the Bank shall enter into a memorandum of understanding with credit unions the form of which shall be agreed in consultation with credit unions...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Yes. I do not propose to move amendment No. 43. Based on the Minister of State's response, I will have a look at amendment No. 27 to which he referred earlier. The whole purpose of amendments Nos. 43 and 115 concerns the need for some kind of safety mechanism to be built into the legislation for those cases where credit unions and boards find themselves unable to meet the requirements that...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Is that in view of permanence?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Is that just in terms of the term limit?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Is it the detail of the terms?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Is it a term limit but restricted to the qualifications?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: The exclusion of volunteers is an issue about which I feel strongly. I am happy to recognise some movement has been made and the prohibition has been narrowed down to voluntary assistants being on the board of their own credit union. However, there is no need for this prohibition to remain in the Bill. It will have a particularly severe impact on smaller credit unions which typically rely...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: To be waived by the Central Bank.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: Will the Minister of State read the proposed Government amendment?

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: I move amendment No. 8: 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 after section 26:?26A.?(1) A credit union may, once the approval of the Bank has been secured and the necessary capacity and infrastructure put in place, promote, invest in, loan to, and/or contract with a credit union service...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: I do not think credit unions want to be a single bank or branches. This is why I referred to shared services. I know the services detailed in amendment No. 7 cannot be introduced overnight. There are issues with risk management, which the Minister of State mentioned, but it should not preclude the Bill detailing what such services could include. This is why the amendment sets out the...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Kathryn Reilly: I move amendment No. 7: 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 subsection after section 6(5): ?(6) Nothing in the foregoing will prevent a credit union from providing certain services, to be prescribed by the Bank, to a credit union or a member of another credit union registered under this...

Seanad: Credit Union Bill 2012: Second Stage (4 Dec 2012)

Kathryn Reilly: I welcome the Minister of State and his assertion that the Seanad will play a crucial role in the making of amendments to the Bill. I assure him of Sinn Féin's full and positive input during all Stages in the Seanad. This is a very important Bill that we need to get right, which is why it is so important that we examine amendments thoroughly. As other Members have said, the credit union...

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Kathryn Reilly: I welcome the Minister of State to the House. As Senator Gilroy mentioned, we debate this issue annually and therefore I will not engage in the usual tango back and forth. I will instead make some comments, ask the Minister of State some questions and try not to get into any dramatics or engage in name-calling.

Seanad: Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion (29 Nov 2012)

Kathryn Reilly: In terms of the Minister of State's contribution, I cannot help thinking of Frank Sinatra singing: "And now, the end is near; And so I face the final curtain." The Minister of State referred to "as soon as is practicable" and "the first quarter of 2013" in his contribution. How long will the process of disengagement take? If we start it in June 2013, how long does the Minister of State...

Seanad: Order of Business (Resumed) (29 Nov 2012)

Kathryn Reilly: Will the Leader invite the Minister of State with responsibility for housing, Deputy Jan O'Sullivan, to the House to discuss the 2012 unfinished housing developments survey? The survey shows there are 1,770 unfinished housing estates in the State, which is down from more than 2,800 a number of years ago. The Minister of State should come to the House to discuss this survey given that it...

Seanad: Sexual Violence in Conflict: Motion (27 Nov 2012)

Kathryn Reilly: I thank the Minister of State for his attendance. He addressed some of my questions on the millennium development goals, the UN Human Rights Council and the review of the White Paper on Irish Aid. Everyone is not on the same page in terms of recognising sexual violence as one of the most horrific crimes that can be committed in conflict. The sheer scale of the brutality and the lack of...

Seanad: Adjournment Matters: Youth Employment Initiatives (22 Nov 2012)

Kathryn Reilly: I also welcome the Minister who is taking the motion on behalf of the Minister for Children and Youth Affairs, Deputy Frances Fitzgerald. The matter concerns the Being Young and Irish initiative, a project of Uachtarán na hÉireann, and arises from the publication of a report. Approximately 800 young people took part in the first presidential seminar to produce a Take Charge of Change...

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