Eoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

I am not saying they will not be a burden on the tier 3 companies but the tier 3 are the big ones. They have administrative and other paid staff and they are doing all of this. If I worry, I worry about the tier 1 companies. I am thinking off the top of my head of one of the tier 1 companies in my constituency, which is an old folks home with 15 or 16 tenants. I will not say any more in case I identify them. If this is done in the way we would like it to be done based on our conversations with the RTB, they will do their first registration, which is the paperwork, which they have to do anyway. It was previously paperwork but it will now be with the new database. It will then be as simple as going onto the website through a secure portal, if we can get this done in the right way. We have given funding to the RTB to try to build the system. Spending less than an hour verifying that the details are correct as per the previous year for the 15 tenants they have and then giving an authorisation either to debit from an account that has already been registered with the RTB or submit new details for the €100 or so it would cost them in that situation is a burden. It is something that has to be done but I do not believe it is overly burdensome given the information it will allow us to have in real time with the RTB, which will then be the independent regulator as we are building them out over this change management programme.