Oireachtas Joint and Select Committees
Wednesday, 15 February 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
General Scheme of the Cooperative Societies Bill 2022: Discussion
Mr. T.J. Flanagan:
On an ongoing basis, there are about 1,000 co-ops on the register. Some of them are quite small and quite old and were established to carry out a particular purpose, perhaps in the community or voluntary space, and the volunteers got older and moved on. On an ongoing basis, there are small co-ops where the members sort of move on and suddenly there is not an audit done, so accounts are not done. Suddenly, there no is return submitted to the register, the register then just cancels them and strikes them off and that is the end of it. It is not a controlled process. The register takes control of the process.