Relaxation of business laws in prospect for co-operatives

THE GOVERNMENT has held out hope of legislative changes which will ease unwieldy company law requirements for co-operatives.

Junior Minister Barry Andrews has confirmed that representations were received from the Irish Dairy Board and the Irish Co-operative Organisation Society in July, requesting greater freedom to determine their financial year end.

He said a general scheme of a Bill has been prepared in the Department of Enterprise, Trade and Innovation to provide for improvements for co-ops.