Seanad debates

Wednesday, 1 October 2008

Credit Institutions (Financial Support) Bill 2008: Committee Stage.

 

7:00 pm

Photo of Alan KellyAlan Kelly (Labour)

I move amendment No. 13:

In page 3, subsection (4), lines 16 and 17, to delete "or other".

This relates to section 6(4), which states: "Financial support may be provided under this section in a form and manner determined by the Minister and on such commercial or other terms and conditions as the Minister thinks fit." The Labour Party amendment seeks to withdraw the word "other" or, at the very least, we would like the Minister to explain it. It suggests non-commercial terms and we spoke about this earlier in the House. To the Labour Party, this could be a dangerous proposition. If an explanation is forthcoming we will consider it but otherwise we will press for this term to be withdrawn.

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