Oireachtas Joint and Select Committees

Thursday, 15 May 2014

Select Committee on Jobs, Enterprise and Innovation

Competition and Consumer Protection Bill 2014: Committee Stage

12:10 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

This is not just related to the State and there are examples of monopolies or oligopolies which exert unfair influence in their negotiations with small multiple organisations. If the Minister is worried that some price fixing or a cartel could emerge, he could within the legislation propose that if the groups came together they could only represent a portion of the sector. Alternatively, there could be a turnover limit, which has already been discussed with this Bill, and that would ensure there would be no worry about cartels.

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