Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Mr. Des Carville:

There most certainly is a plan of action for every asset. As I said, every asset has a particular set of unique circumstances behind it, whether it was trying to get clear title to the asset or, in the case of some of the hospitality assets, they could not be sold during Covid because the value would have been destroyed. At this point in time, at the end of 2023 as we head into 2024, it really does feel like there is a good window of opportunity for the liquidators to dispose of these assets. Touch wood, that is what is due to happen in the first half of 2024. We are planning towards the end of 2024 for what happens if there is anything left over at that point in time. We have to bring this liquidation to a close.