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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: We will have to conclude as a vote has been called in the Dáil.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: I have a few questions to ask, but I will ask the committee clerk to forward them to Ms McGrath for reply. Will she, please, submit responses to my questions and those which have been asked to the committee secretariat? On behalf of the joint committee, I thank all of delegates from the Office of Public Works for participating in this worthwhile meeting and the material they have supplied.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: No names, please.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: To clarify, is there any legal dispute about that at the current time?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: We have gone way over time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: The Deputy can come back to that later. We have to be fair to everyone else.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: Before we proceed, I ask members to note that I propose to adhere to the same grounds rules as for our last meeting with the banks. This will ensure that everyone gets an opportunity to ask questions, and we can have the best possible meeting. I propose that the lead speakers of the groups take ten minutes, although I do not imagine that will be such an issue. They will be followed by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functions: Office of Public Works (10 Dec 2014)

Tom Barry: The committee is in public session. I welcome Ms Clare McGrath, Chairman of the Office of Public Works, accompanied by Mr. Tony Smyth, director of engineering services, Mr. Mick Long, accountant, and Ms Colette Davis, press officer. I remind members, witnesses and those in the public gallery that all mobile phones must be switched off. I wish to advise that by virtue of section 17(2)(l) of...

Joint Oireachtas Committee on Agriculture, Food and the Marine: Investigations Division: Department of Agriculture, Food and the Marine (9 Dec 2014)

Tom Barry: I welcome the witnesses. I am pleased to have this discussion on the functions of the new investigations division. As with the other Deputies here, my concern relates to governance. It is no bad thing to have a concern over governance, because the new division has a chance to right this now. Most of the cases I have heard about relate to farmers who come to me because they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: This legislation is certainly welcome. Will it be titled the sale of loan books to unregulated third parties Bill?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: Will it just deal with mortgages or will it involve mixed loans?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: Earlier this year, Rabobank did not sell its loan book to a third party but left the market and demanded all moneys back from loans to SMEs. Anyone with a mixed loan book who had property, etc, was almost unbankable. It would have been easier to sell it to a third party. Would that situation be covered by this legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: So there is no tie-up in this legislation?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: I raised it because there were a lot worried people over that. If an institution is in the process of transferring to a third party which is unregulated, is there any provision to ensure it informs its customers well in advance so they could take other actions. These deals do not happen overnight.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee
General Scheme of Sale of Loan Books to Unregulated Third Parties Bill 2014: Discussion
(3 Dec 2014)

Tom Barry: That is debatable.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Tom Barry: I thank the delegation for a very interesting conversation. I apologise to Mr. Burgess for missing his contribution. Being from Cork and being a landlord - for my sins - we do not have the same issue as is being experienced in Dublin but that is not to say that it may not happen. The situation now might have come about for different reasons. In the past it may have been caused by...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Tom Barry: That is correct.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Tom Barry: Not as much because what they are being asked to fund is quite low - it depends on what job they have. Auctioneers in Cork say that people are managing to cobble that money together pretty much. In the Kerry region an average house would cost less than €100,000 and in Cork, €150,000 is still a lot of money. It is not like in Dublin where prices seem to be moving at a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Tom Barry: I often stay out at Newlands Cross and it takes me nearly one and a half hours to get in here. It is a completely different world here than in the rest of the country.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Insurance Schemes: Discussion (27 Nov 2014)

Tom Barry: Yes but the challenge here is to look at the housing stock and what type of housing stock we want for Dublin. Even though people do not like the look of high-rise buildings, a suitable high-rise means that people can actually get to work quicker. I am one of the people who spends three hours going up and down the road and it is just such a waste of time.

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