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Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: The review that was mentioned will be undertaken early next year. Most of the resources were being used on this legislation. That will be done. The issue of the use of the term "accountant" will be considered. I appreciate what Deputy Tóibín said about the difficulties associated with this Bill. The advantage of having the Company Law Review Group, which is a balanced group...

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: The text in amendment No. 304 contains a small editing error. The "paragraph 1" and "paragraph 5" in its last line ought to be in italics to clarify that the paragraphs refer to schedule 5 and not to something in the statutory instrument.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: This is a huge Bill. A lot of work has gone into it since long before I took office. I suspect it will endure long after many of us are dead and buried. There is no doubt a huge amount of work has gone into it from the company law review group, its chairman Tom Courtney, many of its members, people within the Department and voluntary groups who have contributed to putting it together. The...

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: The purpose of this amendment is to make provision for the supervisory authority in regard to the confidentiality of information it obtains in the exercise of its functions. It also identifies information obtained, pursuant to this Bill, that may be disclosed to State bodies and statutory authorities, such as the Minister for Finance, the Garda Síochána, etc. A breach of...

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: The purpose of this amendment is to introduce greater clarity in regard to the confidentiality of information. As the Bill stands, the operation of the section is problematic as it could lead to the restriction of the release of all information regardless of whether such information is confidential or not.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: The purpose of this amendment is to provide an exception from the prohibition that neither a body that is not a company nor an individual shall carry on any trade, profession or business under a name which includes as its last part the word "limited" or the words "company limited by shares for industrial and provident societies".

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: A Cheann Comhairle, before we begin today's proceedings, I would be obliged if in accordance with Standing Order 140, you would direct the Clerk to make the following minor drafting corrections to the text of the Bill. These are being done in the interests of textual clarity and correction of cross-references and do not affect any substantive amendments. They are as follows. Section 567...

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: They are all just textual points.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: I agree.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: No, they are just textual corrections to cross-references in the Bill which had slight inaccuracies.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: Yes. They are just verbally correcting incorrect cross-references. Obviously they were picked up in the proofreading.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: They are. They are not substantive. They simply provide textual clarity and correct cross-references. There is nothing substantive in them.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: I think the Bills Office has made that clear. They have asked that this be read into the record to ensure that these cross-references are accurately done. There is nothing substantive in them at all.

Companies Bill 2012: From the Seanad (10 Dec 2014)

Richard Bruton: In both amendments Nos. 4 and 5, the 1963 Act section reference ought to read "section 155" and not "section 151". This is an unfortunate typo. Section 155 is called "Meaning of subsidiary and holding company" which is clearly what the amendment text refers to. I propose that the section reference be verbally corrected.

Confidence in Taoiseach and Government: Motion (9 Dec 2014)

Richard Bruton: I honestly say that the Taoiseach has exceeded all expectations. I can say that with some justification, as I have previously been one of his critics. He has been immensely strong at a time when we needed someone to step up, make hard decisions and understand people. There is no one better than the Taoiseach at understanding people, be they the women of the Magdalen laundries or the...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2014
Vote 32 - Jobs, Enterprise and Innovation (Supplementary)
(9 Dec 2014)

Richard Bruton: Both the Department of Foreign Affairs and Enterprise Ireland are putting resources into Austin, Texas. Wherever possible, we have an Ireland House approach and I will find out for the Deputy whether both are sharing accommodation in Austin. Wherever we can, we do that as it is an effective approach. In any location where there is an ambassador, the ambassador is head of a team and...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2014
Vote 32 - Jobs, Enterprise and Innovation (Supplementary)
(9 Dec 2014)

Richard Bruton: Absolutely, we have had a couple of trade missions to the area already. The south by southwest, SXSW, IT conference is a huge gathering and last year we had a number of EI companies pitching for investment at that conference. We have opened up in the south east, in Florida and North Carolina and now Atlanta and Austin are two new areas outside of the traditional US markets where we...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2014
Vote 32 - Jobs, Enterprise and Innovation (Supplementary)
(9 Dec 2014)

Richard Bruton: I thank the committee. To reflect the points made by Deputies Kyne and Tóibín, we seek to ensure we follow the opportunities and increasingly we see companies with the ambition and capacity to go into the new parts of the US market. This opens up new areas for us. Much of our growth is in areas such as software, where there are huge opportunities. Whatever the reasons, some...

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2014
Vote 32 - Jobs, Enterprise and Innovation (Supplementary)
(9 Dec 2014)

Richard Bruton: I will conclude on that.

Select Committee on Jobs, Enterprise and Innovation: Estimates for Public Services 2014
Vote 32 - Jobs, Enterprise and Innovation (Supplementary)
(9 Dec 2014)

Richard Bruton: I agree with the Deputy, although it is only fair to point out that the European Commission has looked across countries and ranks us as one in which there is high competitiveness and the situation is improving. Ireland is in the top rank of countries and the Commission believes we are making good headway. This is reflected in a comparison of our price indices relative to those of other...

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