Ms Evelyn O'Connor:

One of the Mahon recommendations wanted people to look at their income and liabilities every month. We felt that was a little bit excessive so, to go some way towards implementing the Mahon recommendations, we decided that three times a year should be sufficient. A person would begin and would make a declaration. Three months later he or she would have a look and see if there had been a significant change. The person would only have to make a further statement in the case of a significant change.