Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

The Department has many priority needs. This revision is a project that has been in operation for 12 or 14 years. An enormous amount of work has gone into it. It is too much to expect businesses suddenly to introduce all the changes that will come upon them once the Seanad passes this Bill. The Department's agencies are struggling to do their job and are stretched as it is. If we are serious about this legislation providing information, which will be the one potential deficit in the next 14 months, some sort of commitment to extra resources should be given. The Department of Public Expenditure and Reform should be involved in that conversation in order to take this legislation seriously. We have been let down by gaps in company law for some years, but this legislation will remedy a lot of those gaps. There is no sense in having the solution if people do not know about it.

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