Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

They relate to powers to deal with flaws that were in the original Bill in 2009 which were recognised at the time the Bill was being presented and whose consequences were not intended to apply. We are dealing with an issue that had not been dealt with properly in 2009. We are also building into this legislation provision for the new personal insolvency legislation which gives protection to people who are under threat of repossession. We need this legislation.

The legislation we will deal with later is in respect of a commitment made. This is an area where we have made commitments to deliver this legislation in line with agreements with the troika. These are time-limited because of the extraordinary situation we are trying to deal with. We have made commitments and that is why at the end of this process we must get these agreed before the summer recess in accordance with the schedule. That is the background.

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