Oireachtas Joint and Select Committees

Thursday, 8 February 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund

9:00 am

Mr. Kevin McCarthy:

Yes, that is correct. It is important to be clear that the level of disbursements that we would commit to in a given year would not necessarily relate to the overall value of the fund. The fund is there as a liability. Account holders have a right to reclaim and so on.