Dáil debates

Thursday, 30 July 2020

Companies (Miscellaneous Provisions) (Covid-19) Bill 2020: Committee and Remaining Stages

 

2:20 pm

Photo of Robert TroyRobert Troy (Longford-Westmeath, Fianna Fail) | Oireachtas source

At the outset, I did not hear Deputy MacSharry's contribution in the Dáil. For my part, in my dealings with Westmeath County Council, Longford County Council, the HSE, the people who are running the Houses of the Oireachtas, the Garda and other bodies, many people went over and above the line of duty to facilitate the smooth running and operation of their respective roles. That goes without saying. That also applies in the private sector. Consider the retail workers who went above and beyond to ensure the shops stayed open. My parents had a concern about where we would get food when the pandemic originally broke out. Many people went above and beyond the line of duty. Unfortunately, in some instances some people probably did take the mick, but my dealings overall with everybody led me to believe that the vast majority of people went above and beyond the call of duty in their work.

Regarding tactical insolvency, I have been advised by my officials and the legal advisers that there is a provision in the existing legislation under which tactical insolvencies can be challenged and if the challenge is upheld, any assets that were stripped would be required to be paid back. I believe there has never been a challenge. For me, that demonstrates that the burden of proof is disproportionate and there is a need to review it. I am more than happy to sit down with the Deputy and discuss how we can bring that forward. It is not something that can be done in a knee-jerk reaction, and I accept the Deputy is not suggesting it can. The Bill went through various Stages in the last Dáil but we must be conscious in enacting legislation, and this was mentioned by my colleague, Deputy McGuinness, that any new laws or regulations must be proportionate and we must examine the potential for any unintended consequences. This must remain an attractive place for people to start business and create employment and opportunities. If the Deputy contacts my office today, we can set up a meeting for the first week in September and I will happily sit down with her.

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