Strategic investment and gambling legislation
Michael McGrath asks about delays to the strategic investment fund legislation and urges parallel progress on gambling controls. The Taoiseach expects the investment-fund Bill shortly, while the gambling control Bill is not due until later in the year.
It is two and a half years since the Government announced that the strategic investment fund would be established on a statutory basis to channel money from the National Pensions Reserve Fund into commercial projects. For whatever reason, we are still awaiting the legislation, which will facilitate job creation. The Betting (Amendment) Bill is going through the House, awaiting Committee Stage. The gambling control Bill should be taken in parallel to deal with the negative aspects of betting, particularly the addictive nature of some of the betting patterns in the country. Why is that Bill delayed and when will it be published?
Comment on this
It is not due until the back end of this year. The Betting (Amendment) Bill awaits Committee Stage. The National Treasury Management Agency (amendment) No. 1 Bill, which will deal with the strategic investment fund legislation, is listed for publication this session. That is practically finalised and I expect it to be published very soon.