Thomas Pringle (Donegal South West, Independent)
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146. To ask the Minister for Finance if he will enact section 67 of the Post and Telecommunications Act 1987 to allow institutions such as An Post to provide financial services, including a standard bank account. [32873/15]

Michael Noonan (Limerick City, Fine Gael)
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An Post have been engaged with my Department regarding their proposal to provide a payment account. There are a number of stages in the approval process that the company must complete, including a statutory consultation with the Minister for Communication, Energy and Natural Resources. 

Once the necessary procedures have been completed and following a consultation with the Central Bank of Ireland, a draft Ministerial Order pursuant to Section 67 of the Post and Telecommunications Act, 1983 will be prepared for my consideration. 

I understand that the process is at an advanced stage.