Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

I am certainly with the Deputy on the need for transparency and accountability. We believe, however, that if we were to proceed with this amendment to have a review ready within 12 months, we would not have a full 12 months of figures in preparing it. We would like to see a 15-month period, which would allow us to deliver a full report following a full 12 months of activities. Not only does that allow time for the legislation to bed in, we also have time to see how it is working. Over the course of 12 months, we will be able to fully see transactions. We think 15 months is better in trapping all the most relevant information and giving us a full 12 months of not just bedding in the legislation but, potentially, transactions under the Bill as well. I absolutely agree with the Deputy. It is a difference of just three months in order to try to make sure we as much quality information as possible.