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

These issues are coming to our attention because of the Comptroller and Auditor General's report. They are not coming to our attention proactively from the various Departments. This is extremely worrying because there should be an inbuilt review of what is going on to facilitate the distribution of this money. I would like to clarify something. If an account pertaining to the list of the various institutions is dormant for 15 years, that money goes into the dormant accounts fund, but the owner is allowed to retrieve it at any point.

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