Dáil debates

Thursday, 3 February 2005

Dormant Accounts (Amendment) Bill 2004 [Seanad]: Second Stage.

 

3:00 pm

Photo of Peter KellyPeter Kelly (Longford-Roscommon, Fianna Fail)

I welcome the Government's position on dormant accounts. It was a good idea that this money would not be left lying in banks but that it would be distributed to people affected by economic, social and educational disadvantage and people with disabilities. I am glad the banks did not get their hands on this money which was not rightfully theirs. Banks have enough money.

I compliment the Ministers involved in bringing the Bill to the House. I have worked with the Minister of State, Deputy Noel Ahern, and I know he is a man of social conscience. He is fully committed to helping people who are disadvantaged.

I welcome the Bill. It is right and proper that the disbursement of these funds is advertised so that everybody can be aware of them. Some people were unaware until recently that money could be obtained from the dormant accounts fund. This debate will highlight the fact that money is available from the dormant accounts fund. I also welcome the fact that each application will be processed and detailed and that the groups seeking funding will have an opportunity to put forward their case.

I also welcome politicians' political input into making representations on behalf of various bodies in their localities. As I travel the country, I find there is no one as aware or as knowledgeable as the local and national politicians in their own areas. I do not see how anyone could doubt or question the huge commitment which politicians make to the people and their areas, regardless of to which political party they belong. People are getting a good service from their politicians. Most of them work non-stop, 24 hours a day, seven days a week. They are committed to their job, enjoy it and are good at it. Moreover, they have the faith of the people.

It is up to politicians of all political persuasions and parties to promote the dormant account fund so that money goes to the most disadvantaged people in their areas. The people of Longford-Roscommon have been slightly disappointed that more funding did not flow into the constituency from the dormant accounts fund given that Longford town is in a RAPID area. If we formulate policies to map the best way forward, they should be implemented. We should not have discussions and come up with papers and ideas if they are not pursued. It is important that when the people elect a Government on its policies, it should implement those in its programme for Government as mandated by the people. This would give the Government a chance to take responsibility for implementing strategies concerning that which it was elected to do. This is precisely what this Bill proposes.

I am surprised by the colossal amount of money which people have left lying in dormant accounts. Nonetheless, I welcome that the money will be spent properly and appropriately and will benefit people. In that respect, perhaps it is not a good idea to tell people not to retain dormant accounts. However, it is sad that people have placed money in accounts and left it there while they, their families or friends could have benefited from it when they were alive. Perhaps people should not hoard money so that, when they pass away, the money is of no advantage when they could instead have obtained some joy, pleasure or fun from it in their lifetime.

I welcome this good debate on the Bill because it highlights the fact that the fund exists at a national level. I compliment the members of the board and the other people involved with it on the work they have done. It is also critical that the board is being conferred with a new power to report on the additionality of disbursements. I welcome the Bill and commend it to the House. I compliment the Minister of State, Deputy Noel Ahern, on his work on behalf of the country and the underprivileged. Long may he continue his work.

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