Oireachtas Joint and Select Committees

Tuesday, 1 July 2014

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

National Treasury Management Agency (Amendment) Bill 2014: Committee Stage

6:00 pm

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael) | Oireachtas source

The proposed amendment seeks the deletion of new subsection 5B(6) which provides that members of the committee established by the NTMA who are not employed by the agency may be paid such remuneration and expenses as determined by the agency with the consent of the Minister. I recognise that the State has been able to avail of the services of many individuals who were prepared to serve quietly on boards and committees on an unremunerated basis simply by not accepting payment. It is unduly restrictive to expect the agency to function and discharge its many responsibilities while dependent on such individuals. There would be significant responsibilities attached to membership of the NTMA committees and acceptance of this amendment would send out the wrong signal about the level of responsibility involved and commitment expected. I do not propose to accept the amendment.

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