Gerald Nash (Louth, Labour) | Oireachtas source

I move amendment No. 5:

In page 10, line 2, to delete “31 July 2040” and substitute “31 July 2033”.

My amendment No. 5 seeks the deletion of "31 July 2040" in section 10(1). My amendment No. 6 seeks the deletion of "before 2041" in section 11(1). Finally, my amendment No. 7 seeks the deletion of “in 2040 or in any year thereafter”. The dates are connected. The date mentioned in amendment No. 6 is quite explicit in terms of when payments from the fund will be made to the Exchequer. My reading of the provision in section 11 is that no payment will be made until 2041. Why were those particular dates chosen? I refer especially to the dates on which payments from the fund to the Exchequer will be made. What is the rationale for that and why not earlier than "before 2014"?