Oireachtas Joint and Select Committees
Wednesday, 19 May 2021
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Developments in the Insurance Industry: Discussion
Mr. Tomás O'Midheach:
I agree and as soon as we are supplied with the details to calculate the reasonable costs, we absolutely will. We are awaiting the details.
On the second question regarding the interim payments of €11 million, the 5% payment was an immediate payment to publicans on receipt of any form of representation. It was an immediate payment prior to a second interim payment, which would be on receipt of some details. The second payment would cover any costs that are not subject to the quantum hearing that are detailed in the submission. We will pay the second interim payments. Those have been engaged on so the Deputy's reference to the first interim payment is essentially an immediate payment without any reference to detail.
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