Oireachtas Joint and Select Committees
Thursday, 20 April 2023
Public Accounts Committee
2020 Report of the Comptroller and Auditor General: Chapter 14 - Assessment and Collection of Insurance Compensation Fund Levies (Resumed)
Report on Administration and Movement of the Insurance Compensation Fund for the year ended 31 December 2021 (Resumed)
Comptroller and Auditor General Section 2 Report on Unauthorised release of funds from the Central Fund of the Exchequer (Resumed)
9:30 am
Paul McAuliffe (Dublin North West, Fianna Fail)
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The Department had no interaction with the joint administrator in advance of that. In our earlier discussion, we essentially established that the administrator had a right to apply for this to the High Court and it did. Those funds were to be made available. Is it correct that the idea of a letter of comfort was obviously an attempt by the Department to provide an alternative?