Seanad debates

Wednesday, 12 February 2003

Unclaimed Life Assurance Policies Bill 2002: Committee Stage.

 

10:30 am

Derek McDowell (Labour)

While the Minister of State consults his official, let me make a slightly different argument. Am I correct in saying that, in respect of the section to which we have just agreed, section 7, it would be open to the Minister in any event to effectively vary, by regulation, the way in which the news can be given? Effectively, he or she could amend the legislation and provide for the amendment being argued for by Senator Quinn. We do not yet know what the information will be because the information contained in the notice is to be in what the Bill calls the prescribed form, which we do not have because that is a matter for regulations but I assume they will set out the procedure that somebody has to follow in order to claim the money due to him or her.

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