The Private Security Authority (PSA), which will control and regulate the security industry, was unveiled by the Minister for Justice today.
There are 400 companies and 20,000 full-time and part-time staff in the sector, which generates around €250 million annually.
The authority will supervise individuals and firms providing private security and investigate and adjudicate on any complaints made against them.
Among the shake ups within the industry will be the issuing of identity cards to all individuals working within the sector. These cards must be reveled on request to members of the gardaí or an official from the PSA.
"We can now set about the task ahead of creating widespread confidence in this important industry and 'outing' those who have brought the sector into disrepute," Mr Michael McDowell said at the launch in Tipperary Town.
The Minister said that he hoped the issue of doormen would be one of the first looked at by the authority.
"I probably speak for the majority of people in this country when I say that the 'door supervisor' or 'bouncer' issue is an area that requires urgent attention," Mr McDowell said. "It is fair to say that the current position where any person can work as a so-called 'bouncer' with little or no regard to matters of public safety is totally unacceptable."
The Irish Security Industry Association (ISIA) welcomed the launch of the authority and called it an "important step" for the industry.
"We now expect that a pro-active Private Security Authority will be given the means to tackle the elements of this industry, which have been an embarrassment to the legitimate established operators," Mr Les McLindon, President of the ISIA said.
The headquarters of the PSA will based in Tipperary Town, in line with Government's decentralisation policy.