Dáil debates

Wednesday, 10 November 2021

Companies (Corporate Enforcement Authority) Bill 2021: Report and Final Stages

 

7:42 pm

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

That would be useful. I will refer to the issue rather than the amendments specifically. I previously raised concerns, as did other Deputies, and amendments were tabled about the limited exemptions from these obligations that are in line with similar reforms introduced to the same legislation, the Industrial and Provident Societies Act 1893, in the North. That legislation was introduced more than 50 years ago. No material injury to the public interest has been identified as a result of the reform. The turnover and asset limits have been raised consistently since 1969 along with the reduction of other administrative requirements. The purpose of this discussion is to say that when we look up the road, we see a system in place that is working. As the Minister of State said, he has an answer for me. I hope that recognises and takes into account the concerns raised not just by me but by other Deputies on the committee.

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