8B.— F4[(1) In this section—

"Act of 1964" means the Insurance Act 1964;

"Act of 2024" means the Motor Insurance Insolvency Compensation Act 2024;

"Compensation Body" has the meaning assigned to it by the Act of 2024;

"personal data" has the meaning assigned to it by the Act of 2024;

"processing" has the meaning assigned to it by Part 4 of the Act of 2024.]

(2) The Agency shall perform the following functions conferred on it in respect of the Insurance Compensation Fund:

(a) the application by it under section 3B(1)(a) of the Act of 1964 to the High Court for approvals under section 3 of that Act;

(b) the assessment and verification by it of information provided to it under section 3A(1A)(a) or 3B(1A)(a), as the case may be, of the Act of 1964;

(c) the preparation by it of a report under section 3A(1A)(c) or 3B(1A)(c), as the case may be, of the Act of 1964;

(d) the payment by it to a person under section 3B(2)(a) of the Act of 1964 of the sum due to such person;

(e) the preparation by it of a report under section 3C(1A) of the Act of 1964;

(f) the clerical and other administrative functions relating to the performance by the Agency of its functions under sections 3A, 3B and 3C of the Act of F4[1964;]

F5[(g) acting as one of the interested parties within the meaning of section 12 of the Act of 2024;

(h) the co-operation by it, pursuant to section 13 of the Act of 2024, with the Compensation Body, the Central Bank of Ireland and the Revenue Commissioners;

(i) the carrying out, pursuant to section 16 of the Act of 2024, of audits of samples of completed claims presented to the Compensation Body under that Act;

(j) the carrying out, pursuant to section 17 of the Act of 2024, of audits of certain uncompleted claims presented to the Compensation Body;

(k) the preparation and submission to the Minister, pursuant to section 18 of the Act of 2024, of a report on, inter alia, the conclusions to be drawn from the audits referred to in paragraphs (i) and (j) which it has carried out;

(l) processing personal data which, pursuant to section 20 of the Act of 2024, has been disclosed to it by the Compensation Body.]

(3) The Agency shall be known as the State Claims Agency when performing the functions conferred on it by the Act of 1964. ]