Darragh O'Brien (Dublin Fingal, Fianna Fail) | Oireachtas source

The committee made detailed recommendations. What aspects of those recommendations would the Minister of State accept and move on? I fully appreciate that it is not up to the State to carry the can all the time. The Minister of State mentioned in response to a question on pyrite how the proposed levy at the time on the insurance and construction sectors was dispensed with. While the taxpayer will have skin in the game, so should the insurance and construction sectors because this problem will not go away. We do not want any more Priory Halls or Longboat Quays or the other cases that the Minister of State and I know about that residents do not even want to mention.

We can help owner management companies; it is not all about finance. I proposed having a regulator for owner management companies to provide proper advice because there have many lay directors who are not necessarily legally minded or qualified to deal with detailed legislation, insurance and construction firms and they have nowhere to go. I have published a Bill which would set up a regulator in the sector. There are things we can do that will not cost us a heap of money. Will the Minister of State read the report again? I look forward to meeting him, the Minister, Deputy Murphy, and other Members regarding the sinking fund legislation that I will bring forward this month.

See this speech in context