Social Welfare (Miscellaneous Provisions) Act 2023
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Amendment of section 290 of Principal Act | ||
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15. Section 290 of the Principal Act is amended, in subsection (3B)— | ||
(a) in paragraph (b), by the substitution of “€5,000” for “€2,000”, | ||
(b) by the substitution of the following paragraph for paragraph (c): | ||
“(c) the interest rate charged in respect of such borrowings, the maximum amount of which shall not exceed the interest rate specified by the Minister for Finance in an order under section 38 (3) of the Credit Union Act 1997 ,”, | ||
(c) in paragraph (d), by the substitution of “borrowings, and” for “borrowings.”, and | ||
(d) by the insertion of the following paragraph after paragraph (d): | ||
“(e) the discharge, by the Minister, of any transaction fee, which shall not exceed €0.50 per transaction, in respect of which repayments in relation to borrowings under this section are to be made by a beneficiary.”. |