Dáil Éireann debate -
Thursday, 14 Jul 2016

Vol. 918 No. 2

Commission of Investigation (Irish Bank Resolution Corporation) Bill 2016: Committee and Remaining Stages

Sections 1 to 5, inclusive, agreed to.

SECTION 6

Minister of State at the Department of Justice and Equality (Deputy David Stanton)

I move amendment No. 1:

In page 5, line 13, to delete “Act of 2004” and substitute “Act of 2004 or this Act”.

This is an amendment to subsection (1). That subsection provides that the special liquidators should comply with all directions given by the commission under the Commissions of Investigation Act 2004. It is intended to remove any doubt as to the requirement on the special liquidators to comply with the directions of the commission issued under the 2004 Act. As there is also power under section 2 of this Bill for the commission to give directions, the amendment clarifies that the special liquidators shall also comply with all directions under this Bill.

Amendment agreed to.

Section 6, as amended, agreed to.

Sections 7 to 9, inclusive, agreed to.

Title agreed to.

Bill reported with amendment and received for final consideration.

Question proposed: "That the Bill do now pass."

Minister of State at the Department of Justice and Equality (Deputy David Stanton)

I thank Members for facilitating the passage of the Bill and particularly those who contributed to the debate on Second Stage, which was very interesting. The provisions of the Bill will ensure that the commission can conduct, to the greatest extent possible, an efficient, effective and timely investigation into issues of significant public concern which have arisen regarding certain transactions conducted by the Irish Bank Resolution Corporation, IBRC. It is evident that this aim is shared across the House. I thank the Members involved in the consultations which led to this provision.

Question put and agreed to.