Mr. Basil Geoghegan:

We even believed in 2019 that it was wrong to reduce the charge to that level. We felt it would inhibit further investment. Given we have a closed system, that is, we do not have external shareholders, it was a case of the taxpayer having many pockets and moving money from one pocket to another. Ultimately, if the DAA as an organisation makes a profit, it pays that money to the Exchequer in the form of a dividend. We would like to see the right level so we can finance future investment.