John Curran (Dublin Mid West, Fianna Fail) | Oireachtas source

Before we conclude, I asked Mr. Kennedy a question at the outset. I am not trying to catch him or anything like that but I want to put it as simply and directly as possible. I asked him whether there was an issue around the timeliness of this legislation. My concern is there is something of a conflict, in that the cost of business has not been analysed. It has come across both from Mr. Kennedy and Mr. O'Brien that the cost has not been analysed and nor has the consequent impact that may or may not have. However, now that the signal has been cleared to the effect that there will be a move from a voluntary to a mandatory situation, does the passage of time cause risk to the existing scheme? In other words, could operators of schemes start winding them down or so forth in this period where there is a proposal for legislation but not enactment? If we prolong the process, does it create additional risk?