Oireachtas Joint and Select Committees

Thursday, 17 October 2019

Public Accounts Committee

Caranua Financial Statements 2017

9:00 am

Mr. David O'Callaghan:

With regard to the wind-down, our objective is to make sure that we use up the remaining funds - the €8 million Ms Downes referred to - and make sure they all go to our survivors. That is number one because our survivors are number one.

The other things that this committee is looking into are the nuts and bolts of winding down an organisation, such as redundancy of staff, the surrendering of the premises and archives. Things like that all have to be discussed and done in an orderly fashion. As well as that, of course, the Department will be introducing legislation to wind down the body. There is not a lot of experience of winding down a State body.

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