Clause 5

Part of Co-operative and Community Benefit Societies and Credit Unions Bill – in a Public Bill Committee at 4:30 pm on 10th June 2009.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury) 4:30 pm, 10th June 2009

May I take the Minister back to my question about the regulations that will be made under the Bill, assuming it passes, and his comments about the LRO for credit unions? Is it fair to say that through a combination of the Bill and the LRO, the Government will implement all steps that they expect to take to modernise the legislative framework for credit unions?