Seanad debates
Tuesday, 26 April 2005
Investment Funds, Companies and Miscellaneous Provisions Bill 2005: Committee and Remaining Stages.
3:00 pm
Derek McDowell (Labour)
What does subsection (2) of the new section 29 mean? It does not make much sense to me. It stipulates that regulations under the section may contain such incidental, supplementary and consequential provisions as appear to be necessary or expedient for the purposes of those regulations, including provisions creating indictable offences. It seems to provide the Minister with the power to create indictable offences in regulations.
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