Regulation of Banks (Remuneration and Conditions of Employment) (Temporary Provisions) Act, 1976
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Power of Minister to prohibit increases of remuneration and certain amendments of other conditions of employment of employees of banks. |
3.—(1) The Minister may from time to time by order— | |
(a) prohibit the payment by the associated banks to their employees, after the commencement of the order, of remuneration at rates exceeding the rates of such remuneration provided for by the Agreement, and | ||
(b) prohibit the making, implementing or continued implementing by the associated banks, after such commencement, of any amendments or variations of the other terms or conditions of employment of their employees that would provide improved or more favourable terms or conditions of employment for them. | ||
(2) The Minister may from time to time by order— | ||
(a) prohibit the payment by the banks (other than the associated banks) to their employees, after the commencement of the order, of remuneration at rates exceeding the rates of such remuneration agreed to by, or on behalf of, these banks and these employees on or before the 23rd day of June, 1976, and | ||
(b) prohibit the making, implementing or continued implementing by the banks (other than the associated banks), after such commencement, of any amendments or variations of the other terms or conditions of employment of their employees that would provide improved or more favourable terms or conditions of employment for them other than any such amendments or variations agreed to by, or on behalf of, these banks and these employees on or before the 23rd day of June, 1976. | ||
(3) An order under this section may contain such incidental, supplementary and consequential provisions as appear to the Minister to be necessary for the purposes of the order. | ||
(4) The Minister may by order revoke or amend an order under this section. | ||
(5) A bank that contravenes or fails to comply with a provision of an order under this section shall be guilty of an offence. | ||
(6) Every order made under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the order is passed by either such House within the next twenty-one days on which that House has sat after the order is laid before it, the order shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder. | ||
(7) (a) In this section “the Agreement” means the agreement entitled AN AGREEMENT BETWEEN THE BANKS' STAFF RELATIONS COMMITTEE, ON BEHALF OF ITS MEMBER BANKS AND THE IRISH BANK OFFICIALS' ASSOCIATION, ON BEHALF OF ITS MEMBERS EMPLOYED BY THE BANKS IN THE REPUBLIC OF IRELAND ON THE REVISION OF SALARIES OF BANK OFFICIALS which was— | ||
(i) signed by the Chairman of the Banks' Joint Industrial Council (Republic of Ireland) on the 4th day of July, 1975, | ||
(ii) signed on behalf of the Irish Bank Officials' Association on the 20th day of June, 1975, and | ||
(iii) signed on behalf of the Banks' Staff Relations Committee on the 7th day of July, 1975, | ||
and whose duration was expressed to be a period of twelve months from the 1st day of June, 1975, as modified by the agreement entitled AN AGREEMENT BETWEEN THE BANKS' STAFF RELATIONS COMMITTEE AND THE IRISH BANK OFFICIALS' ASSOCIATION REGARDING SALARIES OF BANK OFFICIALS EMPLOYED BY THE ASSOCIATED BANKS IN THE REPUBLIC OF IRELAND which was signed by the said Chairman and on behalf of the said Association and Committee on the 9th day of June, 1976; | ||
“the associated banks” means the following undertakings : | ||
(i) Allied Irish Banks Limited, | ||
(ii) Northern Bank Limited, | ||
(iii) The Governor and Company of the Bank of Ireland, | ||
(iv) Ulster Bank Limited, | ||
and any company (within the meaning of the Companies Act, 1963 ), which is, or if every undertaking aforesaid were a company (within the meaning aforesaid), would be, a subsidiary (within the meaning aforesaid) of any undertaking aforesaid. | ||
(b) The reference in subsection (1) (b) of this section to the other terms or conditions of employment of the employees of the associated banks is a reference to those terms or conditions as amended or varied by the Agreement. |