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Credit Union Advisory Committee.
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27.—(1) The Minister shall, as soon as may be after the commencement of this Act, appoint a committee which shall be known, and is in this Act referred to, as the Credit Union Advisory Committee.
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(2) The Credit Union Advisory Committee shall advise the Minister and such other persons as he thinks fit in relation to—
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(a) the improvement of the management of credit unions,
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(b) the protection of the interests of members and creditors of credit unions,
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(c) other matters relating to credit unions upon which the Minister may from time to time seek the advice of the Committee.
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(3) (a) The Credit Union Advisory Committee shall consist of not more than seven persons appointed for such period as the Minister thinks fit,
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(b) Every person appointed to membership of the Credit Union Advisory Committee shall be chosen by the Minister for such appointment by reason of such person's knowledge of matters pertaining to credit unions or because he is capable of giving substantial practical assistance in the work of the Committee.
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(4) Any person who is for the time being entitled under the Standing Orders of either of the Houses of the Oireachtas to sit therein shall, while so entitled, be disqualified from becoming a member of the Credit Union Advisory Committee.
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(5) Where a member of the Credit Union Advisory Committee becomes a member of either House of the Oireachtas he shall, upon becoming entitled under the Standing Orders of that House to sit therein, cease to be a member of the Committee.
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(6) The Minister shall from time to time nominate one member of the Credit Union Advisory Committee to act as chairman thereof.
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(7) There shall be paid to every member of the Credit Union Advisory Committee such remuneration and expenses as the Minister, with the consent of the Minister for Finance, may determine.
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