With effect from the commencement of this section, the provisions of the Prevention of Corruption Act, 1906, and the Prevention of Corruption Act, 1916, shall apply to every person to whom section 16 relates and, accordingly -

(a) section 1(3) of the said Act of 1906 (as adapted by the Prevention of Corruption Acts, 1889 to 1916, Adaptation Order, 1928 (S.R. & O. No. 37 of 1928)) and section 2 of the said Act of 1916 (as so adapted) shall be construed as if there were included, after the reference to a person holding an office remunerated out of the Central Fund or moneys provided by the Oireachtas, a reference to a person to whom section 16 of the Central Bank Act, 1989, relates, and

(b) sections 1 and 2 of the said Act of 1916 (as so adapted) shall be construed as if there were included, after the reference to a statutory body required by law to exercise its functions subject to the direction and control of a Minister who is head of a Department of State, a reference to the Bank.