Seanad debates

Friday, 19 December 2014

Water Services Bill 2014: Committee Stage

 

4:10 pm

Photo of David CullinaneDavid Cullinane (Sinn Fein) | Oireachtas source

Leaving that to one side, we are sticking to the issues. Perhaps we can at least make our contributions. I made a comment earlier that promises in whatever part of this Bill are not worth the paper they are written on. The Minister knows full well the point I am making that they can be undone. Whether it has to do with the assets in this or the previous amendment in respect of a constitutional referendum it can be undone by an amending piece of legislation as opposed to a referendum where the people decide. That is the distinction between any piece of legislation, any amendment and a constitutional referendum. The Minister know that and he knows full well the point I was making. I wanted to reiterate that point.

The amendment is important. There is a distinction as has been drawn by the proposer of the amendment between the share holdings and the shares themselves being disposed of, which is essentially what the section protects. It protects the shares but not necessarily the assets of the company. That is what the amendment seeks to do. For that reason I will be supporting the amendment.

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