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Building Societies Consultative Council.
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8.—(1) The Minister may appoint a body which shall be known as the Building Societies Consultative Council and is in this section referred to as “the Council”.
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(2) The Council—
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(a) may advise the Minister on any matter affecting the operation of building society business, and
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(b) shall advise the Minister on any matter relating to building societies referred to it by the Minister.
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(3) The Council shall consist of so many persons appointed by the Minister, and any person so appointed shall hold office for such period as the Minister may specify.
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(4) The Minister shall, from time to time, nominate one member of the Council to act as chairman thereof.
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(5) The Minister may, at any time, remove any member (including the Chairman) from office.
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(6) The reference in section 76 of the Principal Act to the Building Societies Advisory Committee shall be construed as a reference to the Council.
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(7) Section 96 of the Principal Act is hereby repealed.
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