Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Again, William Fry's commentary on this mentions that the carve-out for a section 110 company involved in loan origination business is a welcome amendment. The commentary refers to the current demand regarding finance in some sectors of the economy, particularly the property sector. Will the Minister of State explain to us the impact or the effect that will have on a loan originator that is a section 110 company and how it will now be deemed, as opposed to a section 110 company that is not a loan originator?

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