Oireachtas Joint and Select Committees
Thursday, 22 September 2022
Public Accounts Committee
2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 33 - Tourism, Culture, Arts, Gaeltacht, Sport and Media
Horse Racing Ireland: Financial Statements 2020
9:30 am
Ms Suzanne Eade:
As it was a swap, it was not clear in the code of governance. Since we have reviewed the transaction, the Department has come back to say that on a going-forward basis, if such a transaction takes place, we will need to seek ministerial approval. It was not clear in the code and it was below a threshold of reporting. The threshold is €150,000.
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