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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I hear what the Minister of State is saying but we are asked to deal with the laws. Section 10(2)(a) provides "that it shall, as soon as is practicable after it receives such reimbursement, transmit in full amount such reimbursement to the Bank", which is the Central Bank in this case. It goes on to say that the bank will then pay back a portion of that. I hope it works a lot more smoothly than how it appears on paper.

Comments

No comments

Log in or join to post a public comment.