Company Law

Dáil Éireann Debate, Thursday - 7 November 2013

Thursday, 7 November 2013

Questions (85)

Clare Daly

Question:

85. Deputy Clare Daly asked the Minister for Finance the reason he has not made the legislative changes requested by the Office of the Director of Corporate Enforcement relating to the negative impact on its ability to tackle white collar crime as a result of the insertion of section 851A of the Taxes Consolidation Act into section 77 of the Finance Act 2011, which has restricted the ability of the ODCE to obtain, and where obtained, use certain information from the Revenue Commissioners. [47618/13]

Written answers

Minister for Finance

My colleague the Minister for Jobs, Enterprise and Innovation received Government approval on Tuesday 5 November to publish the Companies (Miscellaneous Provisions) Bill 2013. This Bill contains a proposed amendment to the Company Law Enforcement Act 2001 which is the legislation governing the ODCE. The relevant amendment addresses the sharing of information with the ODCE by the Revenue Commissioners and other bodies and is intended to resolve the difficulties encountered by the ODCE that arose as a result of the insertion of section 851A into the Finance Act 2011.