Oireachtas Joint and Select Committees
Thursday, 26 September 2019
Joint Oireachtas Committee on Housing, Planning and Local Government
Reclassification and Future Outputs of Approved Housing Bodies: Discussion (Resumed)
Mr. Robert McLoughlin:
Regarding the detail we need, I note that when a proposal is submitted to a system unit it will contain a business plan with a very rigorous approach is proposed. As was probably mentioned earlier when discussing EUROSTAT, the fiscal framework is concerned with whether an AHB is a market or non-market entity. This concerns various criteria regarding economically significant prices and whether a body operates based on commercial interest or non-commercial interest. Without that level of detail, it is very hard to provide comprehensive analysis to give the best advice possible. As such, it would be very hard to provide good advice or analysis using high-level thinking about structural changes that does not consider the degree of financing or the risk exposure and the small details of the proposal. That is what we are looking for.
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