Postal and Telecommunications Services Act 1983

F27[Financing for the purposes of maintaining post office network and countering consequences of Brexit.

29A.—(1) The Minister may, out of such monies as are available to him or her from monies provided by the Oireachtas, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make available to the postal company a sum not exceeding F28[€105,000,000] for the purposes of maintaining a network of post offices.

(2) The Minister may, out of such monies as are available to him or her from the Brexit Adjustment Reserve established under Regulation (EU) 2021/1755 of the European Parliament and of the Council of 6 October 202110, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, make available to the postal company a sum not exceeding €25,000,000 for the purposes of providing support to the postal company to counter the adverse economic and social consequences of the withdrawal of the United Kingdom from the European Union.

(3) Any amounts made available to the postal company under subsection (1) or (2) shall be provided in such form and manner and on such terms and conditions as may be agreed between the Minister and the company with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform.]

Annotations

Amendments:

F27

Inserted (8.03.2023) by Communications Regulation and Digital Hub Development Agency (Amendment) Act 2023 (4/2023), s. 136, S.I. No. 97 of 2023.

F28

Substituted (20.07.2026) by Postal and Telecommunications Services (Amendment) Act 2026 (28/2026), s. 1, commenced on enactment.

Editorial Notes:

E6

The section heading is taken from the amending section in the absence of one included in the amendment.