Oireachtas Joint and Select Committees

Thursday, 8 February 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I see no evidence before me that that board was not working properly and we needed a new system.

What I see before me is not the Department's fault. It has gone from Department to Department, with serious underspend of money that is urgently needed.

That is a question I am going to take up. What review was taken of the dormant funds account at the time? Why was there a need for a change? What lessons were learned? Now that we have gone forward, the Department is not complying with its obligation under the legislation. Did the previous Department not comply with that obligation as well? That review was due within three years.

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