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

I move amendment No. 63:

In page 83, between lines 27 and 28, to insert the following:“(iii) directly related to the value or volume of goods traded,”.

The intention is to ban contracts that include long-term agreements which provide for the payment by suppliers of substantial off-invoice rebates at the end of the trading period. My understanding is that all of the rebates should be properly discussed and detailed from the start. My experience is that a lot of suppliers who enter agreements with purchasers find that the engagement in which they are involved starts to change. On that basis I urge the Minister to accept the amendment.