Dormant Accounts Act, 2001
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Regulations and orders. |
4.—(1) The Minister may— | |
(a) by regulations provide, subject to this Act, for any matter referred to in this Act as prescribed or to be prescribed, and | ||
(b) in addition to any other power conferred on him or her to make regulations, make regulations generally for the purposes of, and for the purpose of giving full effect to, this Act. | ||
(2) Regulations under this Act may— | ||
(a) contain any incidental, supplementary and consequential provisions that appear to the Minister to be necessary or expedient for the purposes of the regulations, or | ||
(b) apply either generally or to a specified class or classes of account, institution or person (including a class or classes of account, institution or person specified in regulations under section 9 ) or to any other matter that may be considered by the Minister to be appropriate and may include different provisions in relation to different classes of account, institution or person. | ||
(3) Where the Minister proposes to make regulations under section 9 or 11(7), he or she shall cause a draft of the regulations to be laid before each House of the Oireachtas and the regulations shall not be made until a resolution approving of the draft has been passed by each House. | ||
(4) Every regulation or order under this Act (other than a regulation referred to in subsection (3) or an order made under section 1 (2) or 3 shall be laid before each House of the Oireachtas as soon as may be after it is made and, if a resolution annulling the regulation or order is passed by either House within the next 21 days on which that House has sat after the regulation or order is laid before it, the regulation or order shall be annulled accordingly but without prejudice to the validity of anything previously done under the regulation or order. |