Brian Hayes (Dublin South West, Fine Gael) | Oireachtas source

Amendment No. 140 splits section 57(1) into two subsections to provide greater clarity regarding the effect of disclosure of information by ReBo on any duty of confidentiality or in any obligation under the Data Protection Acts. The proposed section 57(1) provides that a credit union which discloses information to ReBo does not breach any applicable duty of confidentiality and the new section 57(2) which will be created by this amendment sets out that a credit union may disclose to ReBo personal data within the meaning of the Data Protection Acts. This amendment ensures that there is a legal gateway between credit unions and ReBos for the disclosure of information.

Amendment 171 inserts a new paragraph (h) into section 71(2) of the 1997 Act which will allow officers of a credit union to disclose confidential information to the ReBo and facilitates the sharing of information between the credit union and ReBo. ReBo will protect the confidentiality of information shared under section 51 of the Bill.