Jan O'Sullivan (Limerick East, Labour)

I also seek more clarity. These provisions are quite complicated. In particular, amendment No. 41 states:

Where, in respect of a period, the Authority has determined under subsection (5)(b) that the cumulative net financial impact of the relevant financial provisions on a registered undertaking or former registered undertaking was positive, and determined under subsection (6)(a) that the undertaking has made a profit which is in excess of the reasonable profit determined under subsection (4), it shall prepare a report

It continues to provide that the Minister can ask for a report even if it did not need to be prepared under that subsection. If the report is prepared, who looks at it and determines whether it is an appropriate reward? Deputy Reilly asked what then happens to the money. Why are such detailed changes necessary? We are dealing not with one amendment that will clarify that one cannot make excess profit in risk equalisation but with many complicated amendments. I am seeking a little more clarity on the issue.

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