Oireachtas Joint and Select Committees

Thursday, 27 February 2014

Public Accounts Committee

Payments to Section 39 Companies: Discussion

2:30 pm

Mr. John McGuire:

The care trust is a pure, if one likes, lottery-management company. So it sells the tickets, takes in the money, and hands the money over to the two shareholders and the third beneficiary, which is the Mater Foundation. However, the care trust has no role to play in what the money is actually used for. That is in the gift of the two shareholders when they receive the money from the care trust.

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