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Dáil
‹ Order of Business

Receivership legislation

Summary

Brian Walsh asks about legislation following a consultation on rising personal and corporate receiverships; the Minister acknowledges the serious problem and invites specific proposals for consideration in the forthcoming Finance Bill.

As the Minister is aware, the volume of receiverships among private individuals and corporate entities has risen sharply in recent years as a result of the property crash. It is having an impact on many organisations, not least of which are the banks but also the Revenue Commissioners. The Minister initiated-----

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Seán Barrett An Ceann Comhairle Fine Gael

Where is the Deputy going with this question?

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I wish to ask about consultation and legislation. The Minister initiated a consultation process-----

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Seán Barrett An Ceann Comhairle Fine Gael

I am sorry, but the Deputy should ask a question about legislation.

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What is the status of the process and will measures be included in the next finance Bill to deal with the problem?

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Seán Barrett An Ceann Comhairle Fine Gael

That question is not in order on the Order of Business.

Comment on this

It relates to future legislation.

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Seán Barrett An Ceann Comhairle Fine Gael

It is not future legislation.

Comment on this

Is the finance Bill not future legislation?

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Seán Barrett An Ceann Comhairle Fine Gael

What I am trying to get across is that one cannot discuss the content of Bills on the Order of Business. Parliamentary questions are designed for that purpose.

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The high incidence of receiverships has been a very serious issue, arising, as Deputy Brian Walsh outlined, from the collapse in the economy. If the Deputy has specific measures in mind, he should communicate with me and I will have his proposals assessed in the context of the forthcoming finance Bill.

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