Oireachtas Joint and Select Committees

Thursday, 30 May 2019

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council

9:00 am

Photo of Seán FlemingSeán Fleming (Laois, Fianna Fail) | Oireachtas source

Probably what is being looked at here is that the legislation does not provide for a committee of inspection. The special liquidation passed by the Oireachtas was a major issue. The Department of Finance effectively stated that it would adopt a hands-on approach with this legislation and appoint a special liquidator, the Minister appointed him on 7 February 2013 and he commenced work a minute later. That is fine. However, the public probably would have expected that the level of scrutiny that a committee of inspection would provide in a normal liquidation would be provided by Department of Finance given that the Department did not prescribe a committee of inspection in the legislation. It appears that the two staff members who are overseeing this would not equate to a normal committee of inspection.


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