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 suppose there would be a secondary report because section 18, as the Deputy knows, provides for the preparation of a report following the occurrence of an insolvency event to assess how the governance processes we are talking about under sections 16, 17 and 18 operate in the context of such an event. The purpose of this report is to allow the Minister to identify any potential enhancements that could be introduced to the governance structure under the Bill following the first insolvency event. Should any of the matters identified in a report need to be reflected in changes to legislation, everything in the report will be put before the Houses as amendments to the legislation, thereby allowing for discussion.

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