Michael Ring (Mayo, Fine Gael)

The previous amendment referred to auditors not being able to do their own accounts. We do not want this legislation, the regulator and the regulator's office to cost a fortune. We raised this on Second and Committee Stages. We must streamline this area as much as possible, use whatever Government agencies and resources are available and not have the charities or the taxpayer obliged to pick up the tab where that is not necessary. I hope the Minister will streamline it and that the regulator will be instructed when he or she is appointed to ensure that costs are taken into account, particularly in the current climate.

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