Oireachtas Joint and Select Committees
Wednesday, 15 January 2014
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Estimates for Public Services 2014
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)
3:10 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I wish to ask about one of the outputs listed for this year to complete the review of the National Asset Management Agency, NAMA, including assessment of alternatives to outright sales for relatively illiquid properties such as qualifying investment funds. Could the Minister tell us about the NAMA review, which is a requirement under the legislation? Who will conduct the review and what is the timeframe for it? One of the issues raised in recent days by one of the Minister's parliamentary party colleagues was that NAMA would be allowed to sell loans back to the original developer to whom the loan related.
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