Oireachtas Joint and Select Committees
Wednesday, 3 July 2024
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Motor Insurance Insolvency Compensation Bill 2024: Committee Stage
1:30 pm
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
That is fine and crystal clear. It would be a benefit as it is a 3% additional levy on the top of gross written premium. On this policy in the legislation before us, is that the trajectory the Department expects or does it expect that this legislation requires us to continue those levies? As I said, the Quinn Direct levy is supposed to be gone in two years. The other levy, which we will call the Setanta levy, is supposed to be gone in a year. Will this legislation change that as a result of the needs and requirements?
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