Oireachtas Joint and Select Committees
Wednesday, 18 September 2024
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance
1:30 pm
Alice-Mary Higgins (Independent) | Oireachtas source
In the context of head 24(3), the concern is that the determination of who is acting in good faith and who is not will lie with the resolution board, the membership of which will comprise people who worked for NAMA. It is the same staff. There are two issues here. First is indemnity and the idea of indemnity being granted on a blanket basis and that it may be removed in some cases. Second is the question of who has the power to grant or revoke indemnity? It should clearly be an independent third party or, indeed, the Oireachtas, if there is to be a question of the granting of indemnity, rather than the very persons who may be seeking indemnity being responsible for deciding whether or not they get it.
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