Kathryn Reilly (Sinn Fein) | Oireachtas source

I move amendment No. 7:

In page 21, line 6, after "union." to insert the following:
"The requirement of this section may be waived by the Bank in exceptional circumstances upon application by the credit union.".

I have a few questions for the Minister of State in respect of the exclusions or exceptional circumstances. He tabled amendment No. 127 yesterday on Committee Stage, which I read. I might not be the sharpest in respect of these matters but could the Minister of State explain clearly how amendment No. 127 provides for the exceptional terms we asked for and which amendment No. 7 provides for? How does amendment No. 127 allow exceptions to be granted to credit unions who, through not fault of their own, cannot meet the terms of the Bill?