Postal and Telecommunications Services Act, 1983
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Post Office Savings Bank. |
103.—(1) The company may, with the consent of the Minister for Finance given after consultation with the Minister, make regulations for the control and operation of the Savings Bank pursuant to the Post Office Savings Bank Acts, 1861 to 1958, and this Act. | |
(2) Regulations in force immediately before the vesting day under the Post Office Savings Bank Acts, 1861 to 1958, in relation to the operation of the Savings Bank including regulations to which subsection (4) relates, shall continue in force and shall, with the substitution for references to the Minister for Posts and Telegraphs or the Postmaster General and his Department or officers, of references to the company and its officers, respectively, unless otherwise provided in the Third or Fourth Schedule , have effect on and after the vesting day as if they were regulations made under subsection (1) and may be amended or revoked by regulations under this section. | ||
(3) The Minister for Finance, after consultation with the Minister and the company, may direct the company to make regulations under subsection (1) or to amend or revoke regulations made under that subsection or continued in force under subsection (2) and the company shall comply with that direction. | ||
(4) Regulations made before the commencement of this section by the Minister with the consent of the Minister for Finance in purported exercise of powers conferred by the Post Office Savings Bank Acts, 1861 to 1958, or any of those Acts shall be deemed to be and always to have been valid notwithstanding that they may not have been made in the manner authorised by those Acts. |