Brian Lenihan Jnr (Dublin West, Fianna Fail)

There was also a major input from all of the Ministers of all parties in Government.

In reply to Deputy Terence Flanagan, a participating institution may request that a subsidiary be not included but the Minister does not have to comply with that request. The institution is simply enabled to make an application in that regard. Were that section not in the Bill then automatically, every subsidiary asset, no matter how irrelevant to the purposes of NAMA, if it fell within the designation, would be captured by it. That is the answer to the Deputy's question which I appreciate does not arise on the section.

With regard to Deputy O'Donnell's question about the famous black hole ——

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