Seanad debates

Wednesday, 7 October 2020

Investment Limited Partnerships (Amendment) Bill 2020: Committee Stage (Resumed)

 

10:30 am

Photo of Paul GavanPaul Gavan (Sinn Fein) | Oireachtas source

I thank the Minister of State. I must say it has been disappointing so far. This is still awkward, and it is becoming more awkward, because what we were due to discuss today was the Credit Union Restructuring Bill 2020, but that was dropped, and this Bill was put on the agenda. It gives more credence to the question I raised on the first day, last week and I raise again now. What is the mad rush in relation to this Bill, particularly given what has happened in the past fortnight? The Minister of State has not addressed that matter. He has not addressed the matter of fact that the Minister who designed this Bill is now head of the Irish Association of Investment Management. He must address this matter.

Unless I am mistaken, the Minister of State has answered the question on the pause and said he will drive on with this. While I do not like his answer, I thank him for it. I ask him to answer the question I asked earlier in relation to submissions received from the investment industry and publication of same. I have been told the Minister of State's Department received a significant submission, and that effectively the industry has written this Bill. I have also been told that when a journalist asked for a copy of this submission, it was refused. I think it is important that we get clarity on those points.

Comments

No comments

Log in or join to post a public comment.