Hide Nav Show Nav
SOLR_PROP

Prompt Payment of Accounts Act, 1997

../../../../../images/harp.jpg

Number 31 of 1997

PROMPT PAYMENT OF ACCOUNTS ACT, 1997

ARRANGEMENT OF SECTIONS

Section

1.

Interpretation.

2.

Application.

3.

Amendment of list of purchasers.

4.

Prompt payment of accounts.

5.

Return of invoice for correction.

6.

Information to accompany payment.

7.

Amounts payable in case of dispute.

8.

Supplier may submit dispute to arbitration.

9.

Prompt payment to subcontractors.

10.

Minister shall fix rates of interest penalty and may fix prescribed payment date.

11.

Restrictions on power to extend payment periods.

12.

Disclosure of payment practices of purchasers.

13.

Duty of auditors.

14.

Tax clearance certificates and withholding tax.

15.

Regulations and laying of orders and regulations before Oireachtas.

16.

Short title and commencement.

SCHEDULE

Purchasers

Acts Referred to

Arbitration Acts, 1954 and 1980

Companies Act, 1963

1963, No. 33

Finance Act, 1987

1987, No. 10

Finance Act, 1995

1995, No. 8

Harbours Act, 1946

1946, No. 9

Harbours Act, 1996

1996, No. 11

Local Government Act, 1941

1941, No. 43

../../../../../images/harp.jpg

Number 31 of 1997

PROMPT PAYMENT OF ACCOUNTS ACT, 1997

AN ACT TO PROVIDE FOR THE PROMPT PAYMENT OF BUSINESS ACCOUNTS BY CERTAIN PUBLIC SECTOR AND OTHER PURCHASERS OF GOODS AND SERVICES, AND FOR RELATED PURPOSES. [21st May, 1997]

BE IT ENACTED BY THE OIREACHTAS AS FOLLOWS: