Credit Union Restructuring Board (Dissolution) Act 2020

Amendment of section 59 of Act of 2012

18. Section 59 of the Act of 2012 is amended—

(a) in subsection (4), by—

(i) the substitution of “subsection (3)” for “subsection (2)”, and

(ii) the deletion, in paragraph (a), of “providing financial support for the restructuring of credit unions under this Part or”,

(b) by the substitution, in subsection (5), of “subsection (3)” for “subsection (2)”, and

(c) by the substitution of the following paragraph for paragraph (a) of subsection (6):

“(a) shall consult with the Bank and the Credit Union Advisory Committee, and”.