Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Will the Minister of State sit down with the industry and establish its point of view on this issue? The Government's policy is that once the legislation is passed, the cap will be lifted and 100% of the cost of claims will be met by the ICF, which will involve a contribution by the industry in the order of 35%. That is Government policy. The Minister of State has had the report on the new compensation framework since last June but the Government has failed to legislate in that regard. If the relevant legislation had been put in place by now, the Setanta issue would be fully covered and 100% of the cost of claims would be met.