Peadar Tóibín (Meath West, Sinn Fein)

I worked with approximately 2,000 separate businesses in the past seven years in my previous job as a management consultant. One of the major problems they had was getting paid on time. On many occasions when they went to banks, banks did not wish to get on the wrong side of the chain of credit.

I thank the Minister of State for his reply. Because the system is voluntary the Minister of State indicated that a letter will be sent to the relevant Minister in an effort to come to a resolution. Are there any incentives or penalties which can be levied on an offending organisation which has not adhered to the 15 day rule?

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