Paddy Burke (Fine Gael) | Oireachtas source

The 2% levy for the compensation fund may not be collected in the case of a liquidation. Is that correct? Let us say a company went into liquidation or examinership at the end of the year but there is 2% on all the premia. The client will have paid his or her 2% in the full knowledge that the contribution is for the compensation fund. I believe the levy may not be collected and will go into the liquidation.