Mr. Ronan Gallagher:

CAR and the IAA are carrying out a joint exercise on the future fee structure. That is due to be reported to us soon. In principle, we do not plan to change the fees as part of this, either how they are arrived at or the rates, but it may happen once the new entity gets up and running. They set them themselves but in relation to their cost base, so part of what we are trying to achieve through the legislation is to give them sufficient financial flexibility to grow and recruit as they need but not to set charges at some imaginary number and to gouge the industry. We probably have a little more work to do with the legal drafters to crystalise getting that balance right. The IAA will set fees but it will be accountable to industry so it will be part of a consultative process and, ultimately, accountable to the committees here and the Minister. We are looking at what the control mechanisms are and what the other regulators will do, but there are models there and we look at the one that fits best.