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

Photo of Neale RichmondNeale Richmond (Dublin Rathdown, Fine Gael) | Oireachtas source

I want to be clear on the detail. The Deputy is correct on a legislative basis but referring to stakeholders on a practical basis, it will be done in a less convoluted manner, so the aim is that it will go straight to the MIBI. This requires engagement with stakeholders, including the Central Bank, to make sure that can be done efficiently and ultimately to get the payments made as quickly as possible.

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