Oireachtas Joint and Select Committees
Thursday, 20 October 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Central Bank (Variable Rate Mortgages) Bill 2016: Discussion
10:00 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Yes, appeal mechanisms are not always provided in legislation. For example, the proposal for planning applications involving more than 100 units will now go directly An Bord Pleanála. What appeal mechanism applies in those circumstances? There is none. The Senator raises a point of detail. We will consider amendments if members believe an appeal mechanism would render the legislation constitutionally stronger. While I would not be against that in principle, any such mechanism would have to be meaningful. In the Bill, where the Central Bank arrives at a decision, an appeal can be made to the Central Bank. Would an appeal mechanism be used as a delaying tactic? It would have to be a time-bound process.
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