Credit Union (Amendment) Act 2023
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Amendment of section 2 of Principal Act (interpretation) | ||
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3. Section 2 of the Principal Act is amended, in subsection (1)— | ||
(a) in the definition of “officer”, in paragraph (a), by the insertion of “a member of the appellate body referred to in section 37,” after “a member of the board oversight committee,”, | ||
(b) by the insertion of the following definitions: | ||
“ ‘Act of 2014’ means the Companies Act 2014 ; | ||
‘company’ means a company formed and registered under the Act of 2014 or an existing company within the meaning of that Act; | ||
‘corporate credit union’ means a credit union registered pursuant to section 6(6); | ||
‘public body’ means— | ||
(a) a Department of State, | ||
(b) an entity established by or under any enactment (other than the Act of 2014 or a former enactment relating to companies within the meaning of section 5 of that Act), | ||
(c) any other entity established (other than under the Act of 2014 or a former enactment relating to companies within the meaning of section 5 of that Act) or appointed by the Government or a Minister of the Government, including an entity established (other than under the Act of 2014 or a former enactment relating to companies within the meaning of section 5 of that Act) by a Minister of the Government under any scheme, | ||
(d) a company a majority of the shares in which are held by or on behalf of a Minister of the Government, | ||
(e) a subsidiary of a company to which paragraph (d) relates, or | ||
(f) an entity (other than a subsidiary to which paragraph (e) relates) that is directly or indirectly controlled by an entity to which paragraph (b), (c), (d) or (e) relates; | ||
‘subsidiary’ has the same meaning as it has in the Act of 2014;”, | ||
and | ||
(c) by the substitution of the following definition for the definition of “common bond”: | ||
“ ‘common bond’ means a common bond falling within subsection (3) or (7) of section 6;”. |