Postal and Telecommunications Services Act, 1983

Money orders and postal orders.

68.—(1) Money orders and postal orders issued by the Minister before the vesting day which are unpaid on the vesting day shall be deemed to have been issued by the company and shall have effect accordingly.

(2) Money orders and postal orders issued by the company shall be exempt from stamp duty.

(3) The company shall not be required to hold a licence under the Central Bank Act, 1971 , by reason of services in relation to money orders and postal orders provided by it.

(4) The Revenue Commissioners shall not have or exercise any functions in relation to postal orders or money orders issued by the company except in relation to the printing thereof at the request of the company.

(5) Section 20 of the Finance Act, 1911 , shall not apply to money orders or postal orders issued by the company.