Willie Penrose (Longford-Westmeath, Labour)
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Question 153: To ask the Minister for Justice, Equality and Law Reform when he will publish the promised Property Services Regulatory Authority Bill; if the Bill will include provisions to regulate the operation of management companies; and if he will make a statement on the matter. [21096/08]

Dermot Ahern (Louth, Fianna Fail)
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The Government Legislative Programme published on 1 April 2008 provides for publication of the Property Services Regulatory Authority Bill during the current Dail session. The Authority is currently operating on a non-statutory basis but will be put on a statutory footing by the Bill. Property management agents will, together with auctioneers and estate agents, be covered by the licensing system to be operated by the new Authority.

The Law Reform Commission has indicated that it will publish, in the coming weeks, its Report on Multi-Unit Developments which, following an extensive consultation process, will contain definitive reform proposals concerning the regulation and governance of property management companies. The Government has already directed that early action be taken by the relevant Departments to address the Commission's reform recommendations; the types of action to be taken will, of course, be dependent on the form that the recommendations take.