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
Mr. Michael McGrath:
We are not experts in running such cases, so we sought the views of the State Claims Agency. Mr. Ciarán Breen was before the committee previously and laid out his role specifically in that regard and, to use the Deputy's phrase, did cost benefit and due diligence on the matter. He effectively gave us an opinion that this was an appropriate use to recover a larger amount of money. As it turned out, the costs came back and a sum of €54 million has been remitted back.