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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