Patrick O'Donovan (Limerick County, Fine Gael) | Oireachtas source

The purpose of ministerial amendment No. 2 is to exempt the staff of the Central Bank from the provisions of the Bill. The Government has agreed that the creation of a compulsory retirement age under primary legislation for the staff of the Central Bank is not appropriate in light of the bank's autonomy in setting pay and conditions for its staff as set down in the Central Bank Act 1942. This is also a technical amendment.