National Standards Authority of Ireland Act, 1996

Power to establish companies.

15.—(1) The Authority shall have the power to establish companies, both inside and outside the State, for the purpose of providing services in relation to standards and certification.

(2) The establishment by the Authority of such companies shall be subject to the consent of the Minister with the concurrence of the Minister for Finance.

(3) The Chief Executive Officer and staff of any subsidiary company established by the Authority shall hold office on terms and conditions, including remuneration, no less stringent than those applying to the Authority itself.

(4) The remuneration and expenses of the chairpersons and other members of any subsidiary companies established by the Authority shall be such as the Minister, with the consent of the Minister for Finance, shall determine.

(5) The borrowing powers (if any) of any subsidiary companies established by the Authority shall be subject to the consent of the Minister with the concurrence of the Minister for Finance.