(a) Subject to paragraph (b), the body known as the Motor Insurers' Bureau of Ireland is hereby authorised as the compensation body for the State for the purposes of this Act and Articles 10a and 25a of the Directive.
(i) Subject to paragraph (c) and subsection (5), the Minister may, where he or she is satisfied that it is in the interests of the effective and efficient performance of the Compensation Body's functions in relation to the relevant purposes to do so, by order, authorise a body other than the Motor Insurers' Bureau of Ireland to be the compensation body referred to in paragraph (a) with effect from a date specified in the order.
(ii) The order may provide for such transitional arrangements as the Minister considers necessary or expedient to reflect such authorisation, including matters relating to -
(I) the transfer of records, data and information,
(II) the preparation of final accounts,
(III) the continued performance, by the body ceasing to be the compensation b
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