Oireachtas Joint and Select Committees

Thursday, 16 December 2021

Public Accounts Committee

Business of Committee

9:30 am

Mr. Seamus McCarthy:

The number of transactions after 2017 will be very small. There was a total of fees for collection of approximately €1.6 million. That is the extent of the funds that are involved. ReBo was using the credit union fund to carry out the restructuring so the expenses on this account are purely the administrative expenses of the restructuring board itself. I hope we will get the 2018, 2019 and 2020 financial statements audited pretty quickly in the new year. Each of those will come through as we do them. It should be the case that 2021 and a few months of 2022 will be the final period of account. The Deputy could certainly call the Department of Finance and the board members to discuss this matter if she wished.

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