Seanad debates

Thursday, 16 December 2010

Credit Institutions (Stabilisation) Bill 2010: Second Stage

 

Section 51 provides that nothing in any enactment or rule of law can prevent the Minister for Finance from imposing any terms and conditions relating to the provision of financial support which would be desirable in the public interest. Where the taxpayer is providing extensive support for an institution, there will be grounds for the Minister for Finance to impose conditions on that support in regard to bonuses.

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