Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Paul McAuliffe (Dublin North West, Fianna Fail) | Oireachtas source
Of course, except the difficulty here is that public money is being gathered for the purposes of the insurance compensation fund and decisions are being made about how that is disbursed. There is a governance gap. I am not blaming the Department. I am not blaming the Central Bank here. I am asking them to assist me in identifying a clear governance gap here where it is not possible to interrogate or to examine the reasons €29 million was transferred, effectively, for the use of third parties. Is that unusual?
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