Niall Collins (Limerick, Fianna Fail) | Oireachtas source

I move amendment No. 25:

In page 27, between lines 28 and 29, to insert the following:"(ii) one item of jewellery of ceremonial significance of a value not to exceed such amount as may be determined by the Minister by regulation,".

We had an interesting exchange on this issue on Committee Stage.

At the time, the Minister pointed out that we did not have a value placed on items of jewellery. We are therefore turning it around the other way and are allowing the Minister the opportunity to accept the amendment to place what, in his esteemed judgment, would be a reasonable valuation to allow people to keep items of ceremonial significance. We are basically talking about people's wedding rings.

While in this legislation we are discussing personal finance issues which impact on the economy, we must remember that we are also trying to keep a society together. It is also about treating genuine people who are looking to this legislation as an option of last resort to remain with some respect and dignity. I am not trying to be trashy concerning this amendment, which has been table with good intent. That is the spirit in which it is being offered. If the Minister wanted to pick a reasonable valuation we would be happy to go with it. He can do that by way of regulation later.

See this speech in context