National Pensions Reserve Fund Act, 2000

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Number 33 of 2000


NATIONAL PENSIONS RESERVE FUND ACT, 2000


ARRANGEMENT OF SECTIONS

PART I

Preliminary

Section

1.

Short title.

2.

Interpretation.

3.

Establishment day.

4.

Expenses of Minister.

PART II

National Pensions Reserve Fund Commission

5.

Establishment of National Pensions Reserve Fund Commission.

6.

Functions of Commission.

7.

Membership of Commission and terms of office of members.

8.

Chairperson of Commission.

9.

Meetings of Commission.

10.

Seal of Commission.

11.

Membership of either House of Oireachtas, European Parliament or local authority, etc.

12.

Disclosure of interests.

13.

Prohibition of unauthorised disclosure of confidential information.

14.

Committees.

15.

Commission shall not control company.

16.

Commission chairperson to be consulted in appointment of Chief Executive of Agency.

17.

Expenses of Commission.

PART III

National Pensions Reserve Fund

18.

Establishment of National Pensions Reserve Fund.

19.

Investment policy for Fund.

20.

Payments from Fund to Exchequer.

21.

Manager of Fund.

22.

Appointment of investment managers and custodians.

23.

Expenses of Agency.

24.

Laying of draft orders, regulations and rules under part 3.

PART IV

Accountability and Reporting

25.

Chairperson of Commission to appear before Committee of Public Accounts.

26.

Accounts and audits.

27.

Reports and information to Minister.

PART V

Dissolution of Temporary Holding Fund for Superannuation Liabilities

28.

Transfer of moneys from Temporary Fund to Fund, dissolution of Temporary Fund and final accounts.

29.

Repeal.

PART VI

Amendment of Taxes Consolidation Act, 1997

30.

Taxation.


Acts Referred to

Companies Acts, 1963 to 1999

Comptroller and Auditor General (Amendment) Act, 1993

1993, No. 8

European Parliament Elections Act, 1997

1997, No. 2

National Treasury Management Agency Act, 1990

1990, No. 18

Social Welfare (Consolidation) Act, 1993

1993, No. 27

Taxes Consolidation Act, 1997

1997, No. 39

Temporary Holding Fund for Superannuation Liabilities Act, 1999

1999, No. 33

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Number 33 of 2000


NATIONAL PENSIONS RESERVE FUND ACT, 2000


AN ACT TO PROVIDE FOR THE ESTABLISHMENT OF A FUND TO BE KNOWN AS THE NATIONAL PENSIONS RESERVE FUND AND A BODY TO BE KNOWN AS THE NATIONAL PENSIONS RESERVE FUND COMMISSION TO CONTROL AND MANAGE THE FUND, TO DISSOLVE THE TEMPORARY HOLDING FUND FOR SUPERANNUATION LIABILITIES, TO AMEND THE TAXES CONSOLIDATION ACT, 1997, AND TO PROVIDE FOR CONNECTED MATTERS. [10th December, 2000]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: