Oireachtas Joint and Select Committees
Thursday, 15 May 2014
Select Committee on Jobs, Enterprise and Innovation
Competition and Consumer Protection Bill 2014: Committee Stage
2:30 pm
Peadar Tóibín (Meath West, Sinn Fein) | Oireachtas source
The danger is that, as Opposition TDs whose job it is to hold the Government to account and to scrutinise, we are being asked to go along with this on a wing and a prayer, or to buy a pig in a poke, but in reality, legislation is the place for this type of protection to be provided. It is not wrong to expect that people would get paid in time for what they provide. It is onerous that people would be asked to spend 60 or, in some cases, 90 days waiting for payment for their product. It retards the development of businesses if they cannot get paid in time. It has a dampening effect on the economy in general, especially the indigenous economy. It stops the growth of businesses if they cannot get paid in time and puts many operators out of business.
No comments