Mr. Niall Cody:

It will be a new offence. We will not have to prove one's intent. In cases of serious money, having it, will be it. If the Bill is published next Thursday, we will have what it would mean on our website on Thursday.

We have an illustrative example because we took it that it might arise here. Take the case of somebody with a liability in 2009 of €114,800. If he or she came in voluntarily under the current regime, he or she would pay a penalty of €11,480 and interest of €61,000, giving a total of €187,000. His or her name would also not be published. After the implementation of this proposal, the penalty would go up to €114,800 and the total would be €290,646. The name would be published and we may take steps to initiate a prosecution.