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Courts and Civil Law (Miscellaneous Provisions) Act 2013

Amendment of section 69 of Act of 1988

31. Section 69 of the Act of 1988 is amended—

(a) by the substitution of the following for subsection (3):

“(3) All money and securities received by the Official Assignee, being part of a bankrupt’s estate, shall be forthwith lodged by him in an account in the Central Bank of Ireland or a bank authorised to carry on business in the State and shall be kept there to the credit of the Official Assignee subject to the provisions of this Act, any regulations made under subsection (6) and the directions of the Court.”,

and

(b) by the insertion of the following subsection after subsection (5):

“(6) The Minister may, following consultation with the Insolvency Service, by regulations make provision for the manner in which the Official Assignee shall maintain accounts referred to in subsection (3) and for matters relating to the keeping of such accounts.”.