Alan Shatter (Dublin South, Fine Gael) | Oireachtas source

Before the Title is agreed, I wish to make a comment. I would like to conclude by thanking Senators for their co-operation and assistance, both last Friday and tonight and for their attention to the debate. A very significant number of amendments were discussed and we have had some very interesting exchanges in the House, which were very valuable. We had an exchange of views on various provisions in the Bill and while I was obviously not able to take on board all amendments that were proposed, they did give us an opportunity to discuss issues of concern. I will examine any additional amendments that might be appropriate to ensure that we have the best possible legislation in place following the coming into force of this Bill, prior to us taking on Report Stage.

I wish to advise the House that I will be introducing some further amendments to the Bill on Report Stage. These will include some further definitions that I believe will be of assistance if added to section 2 of the Bill, to provide for further clarity, some further refinement of the functions of the Insolvency Service and also some necessary improvements to the text designed to improve the workability of the new debt resolution arrangements. In particular, I have promised to address certain issues regarding the asset exemption limits in the debt relief notice. Senators will remember that we had long discussions on that matter, particularly regarding items of a "ceremonial" nature. I do not wish to reopen that debate now. I refuse to go any further but those who were present will know what I mean. Additional amendments will also include any necessary technical and legal adjustments in areas such as taxation or pensions that are consequent on this very comprehensive and complex reform of our insolvency law. There will also be some further refinements to bankruptcy law. It is important, before concluding today, that I so advise Members of the House. I look forward to being back here next week to deal with Report Stage and once again, I thank the Senators for their very constructive and helpful participation in the discussion on the Bill.