Oireachtas Joint and Select Committees

Thursday, 23 February 2023

Public Accounts Committee

2020 Report of the Comptroller and Auditor General - Chapter 14: Assessment and Collection of Insurance Compensation Fund Levies
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer

9:30 am

Photo of Paul McAuliffePaul McAuliffe (Dublin North West, Fianna Fail)
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It is not for the first time that they are acting independently with our money. That is exactly my point. The State provided the assurance there would be funds to defend the case but I do not see the oversight arrangements that were put in place for that decision. Mr. Molloy is right, the Central Bank is the bookkeeper for the account. That is what he is effectively saying but my question is not to the bookkeeper, my question is who made the decision that State money would be used in this way and that there would not be sufficient oversight or guidance? Is that not a very understandable question from our perspective, Mr. Varley?