Mr. John O'Callaghan:

The issues that had arisen in 2015 were around the existence of these accounts, around the issues of the land that the golf club was on and the legal issues around that and the Sportsfield company. Those were the main issues that came to light at that point. The immediate focus of the steering group - the committee that was set up by the Commissioner - was to address those issues while at the same time causing an internal audit to be conducted that would get to the bottom of all the other issues and identify whether there was any fraud or irregularity. During the period that that committee was sitting and before the draft internal audit report was produced, the work that that committee was overseeing was around resolving the legal issues with the Sportsfield company, closing down the accounts, and using up or getting rid of the resources that were sitting in the investment accounts. It was aimed at addressing the issues that still existed at that point in time while awaiting the internal audit report.