Oireachtas Joint and Select Committees
Thursday, 18 October 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Collection of Pension Contributions due to the Exchequer
Chapter 3 - Control of Funding for Voted Public Services
Chapter 5 - Vote Accounting and Budget Management
Vote 11 - Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Comptroller and Auditor General Special Report 95: Financial Reporting in the Public Sector
Comptroller and Auditor General Special Report 99: Public Sector Financial Reporting for 2015
Comptroller and Auditor General Special Report 100: Public Sector Financial Reporting for 2016
9:00 am
Mr. Robert Watt:
No. The Valuation Office would be given a mandate and remit. The valuation of a piece of land depends on its current use and prospective use based on the rezoning of the land. It is never clear-cut. If one has a field that is worth €10,000 per acre but if one has it rezoned, it becomes worth a lot more. There is a broader issue in regard to land which is arising given what we do in terms of the Land Development Agency, namely, the State buying land at development prices which are artificially inflated by the fact that we have an approach to servicing rezoning land, which artificially increases the price. There is a wider issue here which we are grappling with in the context of the Land Development Agency.
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