Mr. Ronan Hession:

Any money the Minister, on behalf of the taxpayer, gives to the insurance compensation fund is repayable to him. Whatever the fund pays out, therefore, is ultimately recouped from insurers and goes back to the Minister. If the MIBI pays out, it is also the insurers that are paying. I want to clarify that it is not necessarily the case that the State is in or out of pocket. Ultimately, it is the insurance companies that are paying. Of course, if the fund pays out, it will impact on its ability to repay the Minister and the timeline because it will be paying out more. However, what the Minister gives to the insurance compensation fund is a repayable loan.