Oireachtas Joint and Select Committees

Tuesday, 6 February 2018

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

Tracker Mortgages: Permanent TSB

4:00 pm

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

The document I have before me states that compensation is set at the higher of 10% of the redress amount or €1,000. In most cases, presumably, the calculation of 10% of the redress is going to be higher than €1,000. It is 10%. I do not see the word "minimum".

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