Emer Currie
Ceist:115. Deputy Emer Currie asked the Minister for Enterprise, Tourism and Employment for an update on plans to modernise the Limited Partnership Act 1907 legislation. [10868/26]
Amharc ar fhreagraWednesday, 11 February 2026
Ceisteanna (115)
Freagraí scríofa
My Department will bring forward legislation to modernise the limited partnership regime. The Miscellaneous Provisions (Registration of Limited Partnerships and Business Names) Bill has been included on the Government’s Legislative Programme under “Other Legislation”. The Bill will repeal and replace the Limited Partnerships Act 1907 and the Registration of Business Names Act 1963, establishing a modernised framework that strengthens transparency, enhances regulatory oversight, and ensures the regime is fit for contemporary enterprise needs.
These objectives will be achieved by additional information and reporting requirements; additional powers for the Registrar consistent with those for companies to ensure the integrity of the Registers are upheld; and enhanced enforcement and compliance provisions; whilst retaining the nature of the limited partnership framework.
Government approval was received on the 9 July 2024 for the drafting of the Bill. A General Scheme with 6 Parts and 52 Heads was submitted to the Office of Parliamentary Counsel to the Government for drafting in July 2024. My Department has been engaging with the Office of the Parliamentary Counsel to the Government in relation to the drafting of the Bill on an ongoing basis. It is intended, subject to completion of drafting, to introduce the Bill into the Oireachtas in the second half of the year. My Department has engaged with stakeholders, including those with an interest in enterprise funding structures, to inform the ongoing development of the new framework.