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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 7 February 2013 - onwards
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3. Purposes of Act.

The purposes of this Act are as follows -

(a) to help to address the continuing serious disturbance in the economy of the State;

(b) to provide for the winding up of IBRC in an orderly and efficient manner in the public interest;

(c) to end the exposure of the State and the Bank to IBRC;

(d) to help to restore the financial position of the State;

(e) to help to enable the State to re-establish normalised access to the international debt markets;

(f) to assist, to the extent achievable, in recovering the financial assistance provided by the State to IBRC as fully and efficiently as possible;

(g) to resolve the debt of IBRC to the Bank;

(h) to protect the interests of taxpayers;

(i) to restore confidence in the banking sector by furthering the reorganisation of the Irish banking system in the public interest;

(j) to underpin Government support measures in relation to the banking sector.

Comparing proposed amendment...