Oireachtas Joint and Select Committees

Thursday, 18 May 2017

Public Accounts Committee

Bord na gCon: Financial Statements 2015 (Resumed)

9:00 am

Mr. Brendan Gleeson:

Perhaps the Deputy has answered the query. There was a new regulation introduced. The decision to introduce the rule was made in 2005. The board made the decision to revoke it in 2008 on the basis of practicality, but it did not. In 2014 the rule was revoked but it could not be made retrospective. We now have a provision in the Bill, currently with the committee, to deal with the issue.