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Dáil
‹ Order of Business

Construction contracts and banker pay

Summary

Mattie McGrath presses for the Construction Contracts Bill to protect subcontractors and raises related concerns about banking legislation and executive pay. Rabbitte expects the Construction Contracts Bill to conclude within weeks, says no legislation is planned on the other issue, and notes the existing cap on banker pay.

The Minister made much of the jobs plan but it is over two years since a big construction company, Pierse Construction, went into liquidation in Dublin, leaving 500 subcontractors affected. Many hundreds of people have been affected since. Where is the Construction Contracts Bill? Much good work was done by the last Government, Senator Feargal Quinn and many others, and people are depending on this for some shred of defence when big companies go into liquidation and leave subcontractors, staff and creditors penniless. Is there any possibility in considering the Central Bank consolidation Bill that it will include bankers' pay issues?

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Seán Barrett An Ceann Comhairle Fine Gael

No.

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I call Mr. Richie Boucher "Richie Voucher" as he likes to spend money.

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Seán Barrett An Ceann Comhairle Fine Gael

We do not discuss the contents of Bills.

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There must be some meaningful way of correcting this as all the talk in the world will not do it.

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Seán Barrett An Ceann Comhairle Fine Gael

The Deputy should resume his seat.

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Some work must be done.

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Seán Barrett An Ceann Comhairle Fine Gael

Do not abuse your position.

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We cannot ignore it forever and a day.

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Seán Barrett An Ceann Comhairle Fine Gael

That is not appropriate to the Order of Business.

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These people are laughing all the way to the bank.

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Put down a Bill.

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The Deputy knows all about the banks, including Anglo.

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Of course. Is that an allegation?

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I spoke to a conference of the Construction Industry Federation this morning on the issue.

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That is the construction industry sorted.

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The Bill has completed Second Stage and if amendments are required, they are likely to be approved by the Cabinet very shortly. I expect the Bill to be concluded within a few weeks. There is no legislation on the other issue raised by the Deputy. The arrangement for the particular chief executive referred to was entered into in 2009 and I understand he has a contract to that effect. Since this Government came into office there has been a cap on banker pay which has been enforced.

Comment on this

It has blown off.

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