Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Public Accounts Committee

Business of Committee

9:00 am

Mr. Seamus McCarthy:

The expenses can be quite significant. My recollection here is that this arose when the Taxi Regulator was absorbed into the National Transport Authority. It had a separate premises but then its activities were transferred to the authority's premises. The authority inherited the lease on that premises, effectively and was not able to get out of it. When the authority sublet the premises it did so at a level lower than the obligations in the lease. The authority has provisioned to the tune of €750,000 because the lease does not expire until 2024. The authority is taking the full hit.

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