Mr. Niall Gleeson:

The whole idea of the refund system is so we do not have capacity hoarding, which would disadvantage other developers. If we did not have money down, we would be concerned that somebody could come in and say they want that capacity but may not use it. The fact that there is money down means we know the developer's intent and we know it is committed to that process. The best thing might be to take it away and talk to the CIF to see if there is any better mechanism. This is the way it has been stipulated by the Department and the Government so I am not sure how much wriggle room we have there.