Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of the Credit Union Sector: Discussion

9:30 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

If there is legislation around the fund and it refers to specific timeframes and so forth, the Department is illegally taking money from the credit unions in the fund's fifth year. They should be repaid with interest and penalties if we were to adopt the position taken by the Revenue Commissioners on money due to them.

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