Credit Guarantee (Amendment) Act 2020


Number 5 of 2020




1. Definition

2. Amendment of section 1 of Act of 2012

3. Amendment of section 3 of Act of 2012

4. Amendment of section 4 of Act of 2012

5. Power of Minister to give guarantees in accordance with Covid-19 credit guarantee scheme

6. Amendment of section 12 of Credit Guarantee (Amendment) Act 2016

7. Short title, commencement and collective citation

Acts Referred to

Credit Guarantee (Amendment) Act 2016 (No. 1)

Credit Guarantee Act 2012 (No. 26)


Number 5 of 2020


An Act to make provision in relation to the giving of guarantees by the Minister for Business, Enterprise and Innovation under the Credit Guarantee Act 2012 in accordance with a credit guarantee scheme made under that Act by that Minister of Government in response to the economic difficulties caused by the disease known as Covid-19; to place a monetary limit on the potential liability of that Minister of the Government in respect of such a credit guarantee scheme; to extend the classes of enterprise to which such a credit guarantee scheme may apply; and, for those purposes, to amend the Credit Guarantee Act 2012 and the Credit Guarantee (Amendment) Act 2016 ; and to provide for related matters.

[24th July, 2020]

Be it enacted by the Oireachtas as follows: