Seanad debates

Tuesday, 4 December 2012

Personal Insolvency Bill 2012: Committee Stage (Resumed)

 

7:55 pm

Photo of Mark DalyMark Daly (Fianna Fail) | Oireachtas source

I move amendment No. 90:


In page 75, subsection (1), line 30, to delete "5 years" and substitute "1 year".
This amendment seeks to ensure the Minister would request a review after one year rather than after five, which is a long time. I appreciate that the proposed one-year timeframe might be somewhat short, but I ask the Minister to give the House his view on it. The current wording which provides for a review to be conducted "not later than 5 years" after the commencement of the legislation does not mean a review cannot be undertaken earlier. However, I am sure the Minister will agree that if the current wording is allowed to stand, the review will not be undertaken until the deadline is about to be reached.

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