46.— The Insurance Act 1953 is amended—

(a) in subsection (1) (inserted by section 1 of the Insurance Act 1983) of section 2, by the insertion of “and the Minister for Public Expenditure and Reform” after “Minister for Finance”,

(b) in subsection (1A) (inserted by section 2 of the Insurance Act 1969) of section 2, by the insertion of “and the Minister for Public Expenditure and Reform” after “Minister for Finance”,

(c) in subsection (4) of section 2, by the substitution of “shall, with the approval of the Minister for Public Expenditure and Reform, be advanced by the Minister for Finance” for “shall be advanced”,

(d) in subsection (7) of section 2, by the insertion of “given after consultation with the Minister for Public Expenditure and Reform” after “directions of the Minister for Finance”, and

(e) in subsection (1) of section 3, by the insertion of “, with the consent of the Minister for Public Expenditure and Reform,” after “may”.