Seanad debates
Wednesday, 28 May 2003
Companies (Auditing and Accounting) Bill 2003: Committee Stage.
10:30 am
Michael Ahern (Cork East, Fianna Fail)
The amendment is designed to offer a mechanism under which three specific obligations must be met. However, on reflection, the present text could be seen to be ambiguous in that the requirement under paragraph (b) could in certain circumstances be construed to be in conflict with section 40(5)(a). I propose to replace paragraph (b) with the ability to prescribe additional conditions by regulation under section 46(1)(m) so as to address this problem and provide flexibility to allow for developments in the operation of the section. I commend the amendment to the House.
Amendment agreed to.
Government amendment No. 43:
In page 45, line 47, to delete "be presented to" and substitute "be submitted for the information of".
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