Financial Measures (Miscellaneous Provisions) Bill 2009
Public bill · Government · Presented
Existing direct debits would continue under the new European payment system, with information and notice requirements for businesses. Ministers could transfer the assets of listed public-sector and university pension funds to the National Pensions Reserve Fund, while preserving members’ benefits and contributions and allowing the State to cover shortfalls. The measure would also protect the Minister for Finance from certain claims over guaranteed securities and update rules on bank support, insurance, company takeovers, financial contracts and taxation.
Formal long title
Bill entitled an Act to provide for the continuation of certain direct debit mandates after the coming into operation of the Single European Payments Area Direct Debit Scheme; to provide for the transfer of the assets of certain pension funds to the National Pensions Reserve Fund, and the continued payment of benefits formerly payable from those funds; to make provision in relation to the giving of certain guarantees by the Minister for Finance; to amend the Central Bank Act 1989 to clarify its application to certain acquiring transactions; to amend the Credit Institutions (Financial Support) Act 2008 to allow the extension of the period in which financial support under that Act can be provided; to amend the Insurance (No. 2) Act 1983 and the Insurance Act 1989 in relation to life insurance and reinsurance; to amend the Netting of Financial Contracts Act 1995 to clarify whether certain persons are parties to a netting agreement; to amend the Taxes Consolidation Act 1997 in relation to the taxation position of the National Pensions Reserve Commission in relation to certain assets transferred from pension funds to the National Pensions Reserve Fund; and to provide for related purposes
Last updated 12 April 2018
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Financial Measures (Miscellaneous Provisions) Bill 2009: Second Stage. Seanad
- Financial Measures (Miscellaneous Provisions) Bill 2009: Committee Stage. Seanad
- Financial Measures (Miscellaneous Provisions) Bill 2009: Report and Final Stages. Seanad
- Financial Measures (Miscellaneous Provisions) Bill 2009: Motion for Earlier Signature. Seanad
- Financial Measures (Miscellaneous Provisions) Bill 2009: Order for Second Stage. Dáil
- Financial Measures (Miscellaneous Provisions) Bill 2009: Second Stage. Dáil
- Financial Measures (Miscellaneous Provisions) Bill 2009: Financial Resolution. Dáil
- Financial Measures (Miscellaneous Provisions) Bill 2009: Committee and Remaining Stages. Dáil