James Reilly (Dublin North, Fine Gael)

Like Deputy O'Sullivan, I seek further clarity on matters like "age-related tax credits recorded in accounts". I am sure there is nothing major in this and I do not want to make a bigger deal out of it than it deserves. We need reassurance and further explanation as to the technicalities. Most of the amendments are simple enough. However, I have concerns about amendments Nos. 5, 30 and 31, on which I seek clarity.

Before the break I asked what happens to the excess profit if excess profit is adjudged to have accrued. Does it return to the Exchequer or is it redistributed among the other insurance companies?

I seek more detail on the report by the authority setting out the information it has received from the insurers and the provision whereby the Minister may request a further report or information. Is there any particular reason the Minister needed to get further information from the companies as proposed in amendment No. 44? I do not have a major problem with it, but I wonder why it was inserted at such a late date.

See this speech in context