Oireachtas Joint and Select Committees
Thursday, 27 February 2014
Public Accounts Committee
Payments to Section 39 Companies: Discussion
3:50 pm
Ms Angela Kerins:
That is not a straightforward issue because one cannot separate the commercial activity from the charity element, because the charity owns it. The only way the charity would divest itself of Rehab is if it sold it or transferred it as an asset to a similar charity. There are serious complications involved. We have been examining this issue for the past nine months. There has been a slowdown in recent months but we are speeding it up again. We need to work this through. There are some experts helping us on this and they have not come up with a solution yet. It would seem that the top organisation would need to stay as a charity, otherwise it is divesting its assets and it is not permitted to do that.
No comments