Oireachtas Joint and Select Committees
Thursday, 17 October 2019
Public Accounts Committee
Caranua Financial Statements 2017
9:00 am
Mr. Aongus Ó hAonghusa:
Under our 2012 legislation, ministerial consent is required at the start of that process. Once that consent is forthcoming, it goes to back to the solicitors who send it to the Charities Regulator. The 2012 Act allows the regulator to approve transfers. The regulator does not need to conduct any investigations, so that clears the way for the charity, in this instance the congregation, to complete the transfer. After that, it just goes through the last-minute closing process in terms of the provision of documents and whatever else is needed.
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