Dáil debates

Wednesday, 4 October 2023

Screening of Third Country Transactions Bill 2022: Report and Final Stages

 

4:20 pm

Photo of Dara CallearyDara Calleary (Mayo, Fianna Fail) | Oireachtas source

I move amendment No. 3:

In page 10, line 13, to delete "Public Expenditure and Reform" and substitute "Public Expenditure, National Development Plan Delivery and Reform".

These are technical amendments. They do not alter the policy intent of the Bill. Amendments Nos. 3 and 8 reflect the change in the title of the Minister for Public Expenditure, National Development Plan Delivery and Reform since the Bill was considered on Committee Stage.

Amendment No. 4 is intended to ensure there is consistency between the definition of what is termed "exercising control" as set out in section 2 of the Bill and the mandatory notification requirements set out in section 9. While this was not considered on Committee Stage there is no change in the policy evident throughout the Bill. The revised text ensures that transactions through which an investor acquires either decisive influence, defined proportion of voting rights, or shares of an undertaking fall within the scope of the screening mechanism.

Amendment No. 26 was suggested on reflection by the Office of the Parliamentary Counsel. It does not change the substance or intention of the provision but makes clear that persons acting as agents of the courts and not only court officers may not unintentionally be excluded from High Court hearings. Amendment No. 26 also ensures that the language in this section is consistent with section 36(3).

Comments

No comments

Log in or join to post a public comment.