Wednesday, 4 October 2006
Department of Environment, Heritage and Local Government
Question 232: To ask the Minister for the Environment, Heritage and Local Government the progress to date of the implementation of the Law Reform Commission's review of the law regarding management companies; and if he will make a statement on the matter. [30962/06]
Noel Ahern (Minister of State, Department of Environment, Heritage and Local Government; Minister of State, Department of Community, Rural and Gaeltacht Affairs; Dublin North West, Fianna Fail)
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I refer to the reply to questions 1514, 1515, 1516, and 1551 of 27 September 2006. The Law Reform Commission is currently examining legal aspects generally regarding the management of multi-unit structures and its consultation paper is expected shortly. A final report will then be prepared following the consultation period and its recommendations will be considered by the Departments concerned, including the need for new measures to be taken in this area.
Arising from earlier work, the Law Reform Commission had recommended certain changes to company law to avoid problems for management companies in relation to company law requirements. It is understood that proposals are being developed by the Minister for Enterprise, Trade and Employment for a Company Law Reform and Consolidation Bill which it is expected will include certain provisions relating to management companies.