Dormant Accounts (Amendment) Act 2005

Dissolution of Dormant Accounts Fund Disbursements Board.

12.—(1) The Dormant Accounts Fund Disbursements Board shall be dissolved on the establishment day.

(2) References to the former Board in an Act of the Oireachtas enacted before the establishment day or in an instrument made under an Act of the Oireachtas before the establishment day are to be read on and after the establishment day as references to the Dormant Accounts Board.

(3) If required after the establishment day by the Committee of Public Accounts, the person who immediately before that day was the chairperson of the former Board shall give evidence to that Committee on any matter that arose during his or her term of office and relates to the functions of the former Board.

(4) Section 47(3) of the Principal Act applies in relation to the performance of duties under subsection (3) of this section.