Dáil debates

Wednesday, 2 December 2015

Topical Issue Debate

NAMA Portfolio

1:15 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael) | Oireachtas source

I thank Deputy Durkan. As I said, NAMA is legally constrained from commenting on assets under the control of its debtors. Because this is confidential information, neither myself nor the Minister for Finance would have knowledge of a specific property's relationship with NAMA. Section 99 of the NAMA Act 2009 sets out how the transfer of loans and the various rights and obligations relating to debtors, their assets and loans are acquired by NAMA. Section 202 of the NAMA Act, however, prohibits the disclosure of confidential information of any business or person as set out in section 202(2).

That is not to say that NAMA cannot provide information in terms of where things currently stand. As the Deputy feels passionately about this issue, I suggest that he could pursue it directly with NAMA. NAMA operates a dedicated email address to enable Senators and Deputies to raise matters of concern with it directly. Any Deputy or Senator who has a concern about a particular sale or seeks information on the current status of a project should feel free to bring the matter to NAMA's attention. While respecting the confidentiality and very strict law within which NAMA must operate, I am sure it will be as helpful as possible in providing information to the Deputy. I have no doubt he has already raised this or indeed other matters with NAMA and will be fully aware that it does investigate all matters of concern brought to its attention.

I thank the Deputy.

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