Industrial Development (No. 2) Act, 1981

Amendment of section 1 of Industrial Development Authority Act, 1950.

3.—(1) Section 1 of the Industrial Development Authority Act, 1950 , is hereby amended by the substitution of “references to industry include references to such service industries (within the meaning of the Industrial Development Act, 1969 , as amended) as stand specified from time to time by order made by the Minister” for “references to industry do not include references to banking, insurance or agriculture”, and references in the Industrial Development Authority Act, 1950 , and in the Principal Act to industry shall be construed accordingly.

(2) An order under section 1 of the Industrial Development Authority Act, 1950 (as amended by this Act) shall not be made in relation to banking without consultation with the Minister for Finance.