Credit Guarantee (Amendment) Act 2016
Number 1 of 2016
CREDIT GUARANTEE (AMENDMENT) ACT 2016
REVISED
Updated to 8 December 2022
This Revised Act is an administrative consolidation of the Credit Guarantee (Amendment) Act 2016. It is prepared by the Law Reform Commission in accordance with its function under the Law Reform Commission Act 1975 (3/1975) to keep the law under review and to undertake revision and consolidation of statute law.
All Acts up to and including the Air Navigation and Transport Act 2022 (40/2022), enacted 7 December 2022, and all statutory instruments up to and including the Credit Guarantee (Amendment) Act 2022 (Commencement) Order 2022 (S.I. No. 642 of 2022), made 8 December 2022, were considered in the preparation of this Revised Act.
Disclaimer: While every care has been taken in the preparation of this Revised Act, the Law Reform Commission can assume no responsibility for and give no guarantees, undertakings or warranties concerning the accuracy, completeness or up to date nature of the information provided and does not accept any liability whatsoever arising from any errors or omissions. Please notify any errors, omissions and comments by email to
revisedacts@lawreform.ie.
Number 1 of 2016
CREDIT GUARANTEE (AMENDMENT) ACT 2016
REVISED
Updated to 8 December 2022
CONTENTS
Preliminary and General
Section
1. Short title, commencement and collective citation
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
Counter Guarantees
11. Power of Minister to give counter guarantees
12. Monetary limit on Minister’s liability
14. Payment of premium to Minister by participating PFI
15. Review of counter guarantee scheme
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
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)
Number 1 of 2016
CREDIT GUARANTEE (AMENDMENT) ACT 2016
REVISED
Updated to 8 December 2022
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: