S.I. No. 773/2021 - Trust RACs (Fees) (Amendment) Regulations 2021

1. (1) These Regulations may be cited as the Trust RACs (Fees) (Amendment) Regulations 2021.

(2) These Regulations come into operation on 1 January 2022.

2. (1) Article 3(2) (amended by article 3(1) of the Trust RACs (Fees) (Amendment) Regulations 2010 (

S.I. No. 635 of 2010

)) of the Trust RACs (Fees) Regulations 2007 (

S.I. No. 768 of 2007

) is amended—

(

a

) in paragraph (a), by substituting “€12.00” for “€8.00”,

(

b

) in paragraph (b), by substituting “€6,000” for “€4,000”, and

(

c

) in paragraph (c), by substituting “€6.00” for “€4.00”.

(2) Article 3(3) (amended by article 3(2) of the Trust RACs (Fees) (Amendment) Regulations 2010 (

S.I. No. 635 of 2010

)) of the Trust RACs (Fees) Regulations 2007 (

S.I. No. 768 of 2007

) is amended—

(

a

) in paragraph (a), by substituting “€12.00” for “€8.00”,

(

b

) in paragraph (b), by substituting “€6,000” for “€4,000”, and

(

c

) in paragraph (c), by substituting “€6.00” for “€4.00”.

The Minister for Public Expenditure and Reform consents to the making of the foregoing Regulations.

GIVEN under the Official Seal of the Minister for Public Expenditure and Reform,

21 December, 2021.

MICHAEL MCGRATH,

Minister for Public Expenditure and Reform.

GIVEN under my Official Seal,

21 December, 2021.

HEATHER HUMPHREYS,

Minister for Social Protection.

EXPLANATORY NOTE

(

This note is not part of the Instrument and does not purport to be a legal interpretation.

)

Section 25

of the

Pensions Act 1990

provides for the payment of annual fees by Trust RACs to the Pensions Authority. These Regulations provide for increases in the level of fees with effect from 1 January 2022.

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

11

th January,

2022.

I, HEATHER HUMPHREYS T.D., Minister for Social Protection, in exercise of the powers conferred on me by

section 5

and

25

(amended by

section 37

of the

Social Welfare and Pensions Act 2007

(No. 8 of 2007)) of the

Pensions Act 1990

(No. 25 of 1990) (as adapted by the Employment Affairs and Social Protection (Alteration of Name of Department and Title of Minister) Order 2020 (

S.I. No. 447 of 2020

)), with the consent of the Minister for Public Expenditure and Reform, hereby make the following Regulations