Brendan Smith (Cavan-Monaghan, Fianna Fail)

The amendment clarifies that the provisions included in section 8(3) of the Bill shall also apply to the subsidiary established for the purpose of carrying on the board's health insurance business under section 10. This amendment does not encompass the provisions under section 8(1). However, it clarifies further that on establishment the activities of the relevant subsidiary shall be required to be consistent with the provisions of the VHI Acts and that it shall have the objects and powers necessary for the attainment of the principal objects of the subsidiary.