Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

4:20 pm

Mr. Brendan McDonagh:

There was a health and safety issue in respect of that site. We could not enter it legally because the company involved had been struck off and we could not, therefore, obtain a section 14 order to allow us to carry out the health and safety works on the site. It used to be the case that when a company was struck off, its assets became vested in the Minister for Finance. I understand that function is now part of the public expenditure and reform portfolio.

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