Denis Naughten (Longford-Roscommon, Fine Gael)
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Question 192: To ask the Minister for Enterprise, Trade and Employment his plans to review the legislation covering friendly societies; if he will strengthen their powers to carry out investigations; and if he will make a statement on the matter. [12255/07]

Micheál Martin (Cork South Central, Fianna Fail)
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I understand that the Deputy is referring to the Industrial and Provident Societies Acts under which cooperative societies are registered. Some specific changes have been made to that legislation, most recently in the Investment Funds, Companies and Miscellaneous Provisions Act 2005.

Work is also being carried out by my Department, in consultation with the cooperative movement, in relation to the broader legislative framework which dates mainly from the 1890's. This will identify and address the need for change and up-dating of the legislative framework, including in relation to powers of investigation.