Proposed legislation will cut the red-tape burden for co-ops

The umbrella body for the country’s co-ops has welcomed proposed new legislation aimed at reducing red tape on how they operate.

The Irish Co-operative Organisation Society described the move by Jobs, Enterprise and Innovation Minister Richard Bruton as a positive step.

The proposed changes are aimed at easing the regulatory burden on the societies and making examinership, currently available only to companies, accessible to them for the first time.