Credit Guarantee (Amendment) Act 2016

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Number 1 of 2016


CREDIT GUARANTEE (AMENDMENT) ACT 2016


CONTENTS

PART 1

Preliminary and General

Section

1. Short title, commencement and collective citation

2. Definitions

PART 2

Amendment of Principal Act

3. Amendment of section 1 of Principal Act

4. Participating finance provider

5. Power of Minister to give guarantees

6. Amendment of section 5 of Principal Act

7. Payment of premium to Minister by participating enterprise

8. Withdrawal of guarantee by Minister

9. Application of Part

PART 3

Counter Guarantees

10. Definitions

11. Power of Minister to give counter guarantees

12. Monetary limit on Minister’s liability

13. Counter guarantee schemes

14. Payment of premium to Minister by participating PFI

15. Review of counter guarantee scheme

16. Expenses

PART 4

Unrelated Miscellaneous Amendments to other Enactments

17. Amendment of section 101 of Employment Equality Act 1998

18. Amendment of section 34 of National Minimum Wage Act 2000

19. Amendment of Workplace Relations Act 2015

20. Amendment of section 916 of Companies Act 2014


Acts Referred to

Companies Act 2014 (No. 38)

Credit Guarantee Act 2012 (No. 26)

Employment Equality Act 1998 (No. 21)

Employment Permits Act 2006 (No. 16)

National Minimum Wage Act 2000 (No. 5)

Taxes Consolidation Act 1997 (No. 39)

Unfair Dismissals Act 1977 (No. 10)

Workplace Relations Act 2015 (No. 16)

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Number 1 of 2016


CREDIT GUARANTEE (AMENDMENT) ACT 2016


An Act to amend and extend the Credit Guarantee Act 2012 ; to enable the Minister for Jobs, Enterprise and Innovation, pursuant to a counter guarantee scheme made by that Minister of the Government, to give counter guarantees to promotional financial institutions for guarantees given by the institutions to finance providers in respect of finance agreements entered into by the finance providers with qualifying enterprises; to place a yearly monetary limit on the potential liability of that Minister of the Government in respect of all credit guarantee schemes and counter guarantee schemes taken together; to amend the Employment Equality Act 1998 , the National Minimum Wage Act 2000 , the Workplace Relations Act 2015 and the Companies Act 2014 ; and to provide for matters connected therewith.

[8 th February, 2016]

Be it enacted by the Oireachtas as follows: