Seanad debates

Tuesday, 6 July 2010

Central Bank Reform Bill 2010: Committee and Remaining Stages

 

9:00 pm

Photo of Paschal DonohoePaschal Donohoe (Fine Gael)

Why does the Minister believe it is necessary to specify in subsection (4) the offices held by persons covered by the pre-approved control provisions included in the legislation? If one specifies the offices that will be subject to the terms of legislation, there is a temptation - as happened in the past - for the organisation one is regulating to create another job that does not carry of the titles specified but which encompasses the same work. In transport legislation, with which I am more familiar, a provision is included to the effect that the Minister may deem another post or job to be the equivalent of the roles performed and as such falls within the parameters of the legislation. Why does the Minister believe it is necessary to specify the jobs of director, chief executive, secretary and so on in this respect? Will such a specification create an opportunity to have the same work done under a different title perhaps outside the scope of the Bill?

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