Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013

10:00 am

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

In February 2013, the legislation to appoint the special liquidator to IBRC was passed by the Dáil in a late night sitting. This is how things happen. It has been well reported that the legislation had been drafted several months beforehand. Although people think it was rushed legislation, it was not. It had been properly planned and drafted over a long period of time external to people and, understandably, the board was not made aware of it. I understand the need for confidentiality. I am sure Mr. Kieran Wallace had it in his top drawer and was out with it the minute he received the phone call. It was rushed through the Dáil. There is an impression that it was produced that evening and rushed through the Dáil. When exactly in 2012 did the Department make the decision? It was simultaneously expressing concerns about Siteserv. Ms Nolan has said the two events were not linked. When did the Department begin the process and memos about the special liquidator for IBRC and when were the first and second drafts completed? Who drafted it? I am sure it was done externally. When did the Department have something on it in place. It sat for a while until it was deemed that the appropriate time had come to launch it.

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