Oireachtas Joint and Select Committees
Thursday, 15 May 2014
Select Committee on Jobs, Enterprise and Innovation
Competition and Consumer Protection Bill 2014: Committee Stage
2:15 pm
Richard Bruton (Dublin North Central, Fine Gael)
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The Deputy is proposing to restore a provision which his own leader, as Minister for Enterprise, Trade and Employment at the time, removed. He removed that provision because it was operating as what used to be called resale price maintenance and was an anti-competitive practice. In other words, it allowed suppliers to set a price below which nobody else could sell, thereby allowing them, in effect, to write their own profit margins.