Steven Matthews (Wicklow, Green Party) | Oireachtas source

I move amendment No. 206:

In page 102, to delete lines 21 to 25 and substitute the following: "(2) The proposed assignor and the proposed assignee shall make a joint application to the MARA for the MARA’s consent in writing to the assignment subject to such terms and conditions as may be prescribed in regulations.".

This relates to receivership. We could be looking at large investments in offshore renewables or data and power cable laying. In the event of the MAC holder going into receivership, what covers this in legislation? Does the MAC wither and die at that stage or is there provision whereby whatever arrangements may be made where a company goes into receivership that the project would not die but somebody else could come in and take over, provided that party is suitable and meets all the other requirements?