(1) The Act of 1997 is amended -

(a) by the repeal of section 24, and

(b) in section 25, by the deletion of "or section 24".

(2) The amendments effected by subsection (1) shall not apply where a statement has been furnished under section 24(2) of the Act of 1997 before the date of the coming into operation of this section but the payment concerned has not been made before that date.

(3) Where, before the date of the coming into operation of this section, ongoing payments are being made under section 24 of the Act of 1997 in respect of the same statement, the payments may, notwithstanding subsection (1), continue to be made for a period of 6 months from that date.

(4) In this section, "Act of 1997" means the Credit Union Act 1997.