Seanad debates

Tuesday, 11 December 2012

Personal Insolvency Bill 2012: Report and Final Stages

 

8:10 pm

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

Amendment No. 72a which proposes the deletion of section 85, is consequential on the new review section inserted by Amendment No. 135a.

Amendment No. 135a revises the original review provision in regard to the operation of the Bill. That review, which will encompass the three new debt resolution processes in Part 3, will commence no later than three years after commencement and be completed within a year. However, as I said when we discussed this point on Committee Stage, the operation of this Bill will be subject to continuing and ongoing review. I have made it clear that I will swiftly intervene with amending legislation to make additional provision or to correct any error that arises from operational experience.

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