Mr. Oliver Gilvarry:

We are working this through at the moment in drafting and working with the OPC. The concept is that we set the level in the legislation but there will also be a framework. We have seen volatility in corporation tax. In five or six years' time, what will the economic condition be? We are working in a framework in which the Minister can reduce that level or, in exceptional circumstances, stop contributions. While we are still working through the process, there will be a framework in which there will be accountability to the Oireachtas in that regard. Similar to the National Reserve Fund, it will require a motion before the House.