Personal Insolvency Act commencement
Micheál Martin repeatedly asks how many Personal Insolvency Act sections are operative and when the remainder will commence. The Taoiseach cannot provide the figures but says the Finance Minister will give details the following day and that the insolvency agency will open in early summer.
As we discussed, there are 168,000 people in mortgage arrears. The heads of the Personal Insolvency Bill were first published on 25 January 2012. It is now March 2013. How many sections of the Personal Insolvency Act have been commenced? I have asked this question on a number of occasions on the Order of Business in recent months and the Taoiseach indicated he would check that and get back to me. Given the urgency and all the pronouncements, it is important that we would know the number of sections that have been commenced. Can the Taoiseach provide a timescale for the commencement of any remaining sections that have not been commenced to date?
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I cannot recall the Deputy asking me the number of sections that have commenced-----
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-----but we referred here previously to the extent and complexity of the Personal Insolvency Act. As I have told the House, the personal insolvency agency will be open for business in early summer. The director has been appointed. Recruitment is taking place. Arrangements are being made to open this. The Deputy will get the details he seeks tomorrow when the Minister for Finance addresses the mortgage situation in so far as the future is concerned and dealing with the 100,000 people who are in limbo.
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I think I am entitled on the Order of Business to ask about sections of Bills that have commenced or are awaiting commencement. I asked about that previously. I am simply asking when the sections of the Act will be commenced.
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Yes. How many have commenced-----
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-----and when will the remaining sections be commenced?
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I am amazed the Taoiseach does not have the detail because this is an urgent issue.
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Everybody has been saying for a week that this is the most urgent issue facing us-----
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I am not in a position to be able to tell the Deputy the number of sections of any particular Bill-----
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-----and the Taoiseach cannot tell me whether even one section of the most important Act has been commenced.
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No. If I give the Deputy a figure and I am out by one, he will say I was incorrect in my address to the House.
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The Deputy wants the number of sections that have commenced and the date for the commencement of operation by the insolvency agency. All of that detail is under way. The Minister for Finance will update everybody on that tomorrow.
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The Taoiseach should have it on the Order of Business.