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 was in a very difficult position because, by virtue of the Act, it was likely that it was going to be able to secure the funds from the ICF in any case. Therefore, the idea of offering the letter of comfort was really an attempt to try to mitigate the risk.