Kieran O'Donnell (Fine Gael) | Oireachtas source

A company seeking to enter the mortgage market will be aware that the Central Bank could, at some stage, interfere with the mortgage rate it is charging. We will agree to differ on that point. I am trying to do due diligence on the legislation.

When insolvency legislation was before the House, Deputy Michael McGrath was a vociferous advocate for the inclusion of an appeal mechanism in the Bill. Section 11 of this legislation, however, specifically prohibits any form of appeal mechanism. Not only does it not provide for an appeal mechanism, but the Bill specifically prohibits the establishment of such a mechanism. There appears to be an inconsistency between what the Deputy sought to have included in the insolvency legislation and the provisions of the Bill he is proposing.