Jerry Buttimer (Fine Gael) | Oireachtas source

Where should the committee take this matter next? No matter who we are, for a merchant service provider to decide that 30% or another percentage of the total value of future bookings is the risk is not in line with CAR bonding levels relative to turnover. That level has broadly worked out for the past 30 years, with a couple of exceptions. Let us take the 30% figure or the €1.5 million being asked of a travel agent. Given that the agents have had no trading in the past 18 months and that we have a high bonding indemnity here, surely that is unfair.