Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

There is an issue here. It is an issue in general terms of a level of principle, which is an issue of concern although I have no practical example of where that concern was manifested by a person doing anything untoward. It is also true, as the Deputy remarked, that contracts are not retrospectively applied, unless by agreement. A person's contract of employment is just that and the rules cannot be changed by an employer half way through that person's period of employment. There is an issue, although so far there is no situation to which one can point in terms of difficulties having arisen. Obviously, we would wish to forestall any difficulties arising. I will discuss the issue again with the Chairman of NAMA. As I understand it, the Deputy is more concerned about NAMA than the NTMA because of the NAMA property transactions.

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