Dáil Éireann Debate, Tuesday - 28 November 2023
249. Deputy Brendan Griffin asked the Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 33 of 8 September 2022, the progress that has been made on the review of the eligibility for the insolvency payment scheme to date; the anticipated timeframe in finding a solution to this long-running saga; and if he will make a statement on the matter. [52327/23]
View answerSignificant progress has been made in finding a solution to allow employees of companies that cease trading without engaging in any formal wind-up process to access the Insolvency Payments Scheme.
Due to the complex and cross-cutting issues involved, an inter-departmental Working Group was established to agree a solution in December 2022. The group was made up of a number of Government Departments along with representatives from Revenue, the Corporate Enforcement Authority and the Companies Registration Office. This Working Group concluded its work in March of this year and based on its recommendations a policy solution was brought to Government in July.
Government approved the drafting of a General Scheme of a Bill to amend the Protection of Employees (Employers’ Insolvency) Act 1984 in order to implement the policy solution and this is ongoing. My Department aims to bring the General Scheme to Government for approval in the first half of 2024.
