Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

It was redacted because we have tried to be consistent with freedom of information legislation, to which we have been subject since last April, contrary to some statements made in the past week when it was alleged a freedom of information request cannot be sent to NAMA. We have actually been subject to freedom of information legislation since April and we have answered hundreds of freedom of information requests since then. There are 135 pages of minutes of the Northern Ireland committee, and out of this there are 32 redactions. I know the Deputy will say this does not tell anything and it depends on what the redactions are. All of these redactions consist of individual names or sentences related to individual names. This is done under the freedom of information legislation. As the Deputy knows, there are number of exceptions to protect certain information, including personal information, commercially sensitive information and information which may have an adverse impact on the management of the organisation. The majority of the redactions, 21 of them in total, refer to personal information; three of them relate to information protected from release under the Ethics in Public Office Act; and the rest relate to information about market counterparties or commercially sensitive information. What I can say is none of the redactions, and I looked at them again recently, relate to Project Eagle. I think it is important for the committee to know that and important perhaps for the Northern Ireland finance committee to know it also.

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