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Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I move amendment No. 9: In page 9, to delete lines 16 to 33.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I move amendment No. 10: In page 9, to delete lines 36 to 39, and in page 10, to delete lines 1 to 11.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I move amendment No. 11: In page 10, lines 9 to 11, to delete all words from and including “(irrespective” in line 9 down to and including “occurs)” in line 11.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I second the amendment.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I will speak briefly as Senator Ruane has covered the arguments extensively. As I said, I second these amendments. The fundamental point is that we are the Legislature and we are putting in place the framework under which these funds will operate. Indeed, extraordinary provisions have been made in this Bill to allow particular activities to take place that would not normally take place,...

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I second the amendment.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I move amendment No. 14: In page 16, lines 24 to 26, to delete all words from and including “calculated” in line 24 down to and including “made” in line 26.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: Amendments Nos. 14 to 16, inclusive, address the fact that the way a majority of limited partners is calculated under this Bill is not by a simple vote of all limited partners but according to a majority shareholding, that is, who has the largest amount of shares. Again, this comes to the question of invisible control. My concern is that one may have a single limited partner who has 51% of...

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I know. Can the Minister of State clarify if someone controls 25% of the vote is he or she a beneficial partner?

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I see a clash. The Minister of State has said again that it is an advisory capacity and so forth. Again, the legislation explicitly says, "consenting or refusing to consent to, any action proposed by the general partner" - that is not advice - "on behalf of the investment limited partnership and exercising any powers or authorities" as a board member. We need to be clear. The Minister of...

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I move amendment No. 15: In page 16, between lines 26 and 27, to insert the following: “(2A) Where a single limited partner holds a majority shareholding a simple vote of limited partner shareholders shall be constituted as majority.”.

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: I can see that the Leas-Cathaoirleach is about to guillotine the debate. I wish to make a comment before he does so. There is one amendment that we have not reached, but if the Minister of State-----

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: That is a pity because-----

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: It arises from our discussion earlier when I suggested that SIPO should be able to access the list of beneficial owners-----

Seanad: Investment Limited Partnerships (Amendment) Bill 2020: Report and Final Stages (6 Nov 2020)

Alice-Mary Higgins: That would be a useful measure in terms of transparency, given the concerns around some of the opaqueness of the legislation.

Seanad: Criminal Justice (Enforcement Powers) (Covid-19) Act 2020: Motion (6 Nov 2020)

Alice-Mary Higgins: I have tabled an amendment to the motion that would also set a date of February. It is identical to the amendment tabled by Sinn Féin and when Sinn Féin presses its amendment I will support it. I want to be clear, because there have been a diversity of reasons put forward on this, that my reasons may be different to those of others in the House, including Senator McDowell. I do...

Seanad: Biodiversity: Motion (5 Nov 2020)

Alice-Mary Higgins: Like others, I welcome the motion and the opportunity to discuss the biodiversity crisis. It is a crisis we discussed at some length in this House in various debates over the course of the previous Oireachtas, including on the Wildlife (Amendment) Bill and the Heritage Act, because it cuts across so much of our policy in Ireland. It is always useful at the beginning of any discussion on...

Joint Oireachtas Committee on Climate Action: General Scheme of the Climate Action and Low Carbon Development (Amendment) Bill 2020: Discussion (Resumed) (4 Nov 2020)

Alice-Mary Higgins: I thank all the witnesses. In particular, I thank Professor Anderson for focusing on the climate justice issue which I think is important. Two separate questions have come across all these hearings. There is the question of how the level of emissions that need to be cut is calculated - the targets and budgets. That needs to be based on science and not negotiated. Professor Anderson...

Joint Oireachtas Committee on Disability Matters: National Disability Inclusion Strategy: Discussion (4 Nov 2020)

Alice-Mary Higgins: I thank the Minister and the Minister of State for the presentations and for the genuine enthusiasm they are clearly bringing to this role. Of course, I also thank them both for making clear that they take a rights-based approach to the area of disability. In that regard, I know we are pressing the Minister continuously but it would be useful for him to give us an indication of when - for...

Joint Oireachtas Committee on Climate Action: General Scheme of the Climate Action and Low Carbon Development (Amendment) Bill 2020: Discussion (Resumed) (29 Oct 2020)

Alice-Mary Higgins: I thank both witnesses. Professor Buckley suggested explicitly including the national biodiversity action plan. To future-proof it, might it be useful to say something a little broader, such as "national biodiversity action plan and other biodiversity obligations". This might encompass the EU habitats and birds directives and the national pollination plan, if it ever gets on a statutory...

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