Michael Noonan (Limerick City, Fine Gael)

I am advised that the 70% marker includes all the large companies that trade in the State. However, it is also part of the section that the 70% is averaged over three years. Therefore the possibility of somebody getting caught on the basis of one-year figures would not arise. A Northern Ireland company will not have access to liquidation provisions if its business model was not sustainable. We do not think there is any such company as the Deputy's example refers to. We think it is a workable solution because there are obviously other considerations.

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