I move amendment No. 67:
In page 50, subsection (1) (a), line 31, after "harbours" to insert "and for the avoidance of doubt the company which owns the port of Greenore shall be such a company".
I strongly commend this amendment to the Minister. I referred to this matter briefly when we discussed the establishment of the new port authorities. As the Minister is aware, Greenore Port is the only privately owned port in the State. Its owners discovered some years ago that they were at a disadvantage in terms of corporation tax. This Bill changes the rules of the game but they will still be at a disadvantage. They have a good case for a rebate of corporation tax paid over a long number of years. I am sure, however, if they pursue this route, they will be resisted. It is my view that they would win their case. They have asked me to table this amendment to ensure they are treated in the same way as the State owned commercial ports. This is a reasonable request. They should not be penalised in this way.