Central Bank Act, 1961

• Jurisdiction: Ireland
• Citation: IR No. 8/1961

Number 8 of 1961.
CENTRAL BANK ACT, 1961.
ARRANGEMENT OF SECTIONS
Section 1. The Scheme. 2. General power to amend the Scheme. 3. Restriction with respect to service in the Civil Service. 4. Short title and collective citation.
Acts Referred to Central Bank Act, 1942 1942, No. 22 Superannuation Act, 1956 1956, No. 8 Superannuation Act, 1936 1936, No. 39
Number 8 of 1961.
CENTRAL BANK ACT, 1961.
AN ACT TO ENABLE THE SCHEME MADE PURSUANT TO PARAGRAPH (C) OF SUBSECTION (1) OF SECTION 33 OF THE CENTRAL BANK ACT, 1942 , TO BE AMENDED. [30th March, 1961.]
BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS:—
	The Scheme.	1.—In this Act “the Scheme” means the scheme made pursuant to paragraph (c) of subsection (1) of section 33 of the Central Bank Act, 1942 .
	General power to amend the Scheme.	2.—(1) The Scheme may be amended from time to time.
	(2) Every such amendment shall be effected by means of an amending scheme which the Board of Directors of the Central Bank of Ireland is hereby authorised to make subject to the consent of the Minister for Finance.
	(3) Every scheme under this section shall be laid before each House of the Oireachtas as soon as may be after it is made and if either House, within the next twenty-one days on which that House has sat after the scheme is laid before it, passes a resolution annulling the scheme, the scheme shall be annulled accordingly, but without prejudice to the validity of anything previously done thereunder.
	Restriction with respect to service in the Civil Service.	3.—(1) An amendment under this Act of the Scheme shall not be made in relation to any period of service in the Civil Service except that, in the case of a Governor who has had a period or periods of service in the Civil Service and who was serving in an established position in the Civil Service immediately before becoming Governor, the Scheme may be amended so that the said period or periods (together with any period which, pursuant to any enactment, is to be added thereto for superannuation purposes) may, for the purposes of an award to or in relation to him under the Scheme as amended by the amending scheme, be aggregated with his service as a Governor.
	(2) Where an amendment under this Act of the Scheme is made by virtue of the exception contained in subsection (1) of this section, the following provisions shall have effect:

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