John Lahart (Dublin South West, Fianna Fail) | Oireachtas source

Yes, but the student in Brazil gets nothing in that instance. His or her fee is gone as I understand it because he or she is not covered, whereas at the moment he or she would be covered by insurance.

It is good that the market responded. Maybe it came a few years too late but teacher protection is available now. I am not sure I agree with the Minister of State when she says a larger school would be in a better position under the proposed legislation if it were to go bust. My point is that this would not be a cost to the State, and one of the themes of the Government has been money messages and things coming with a cost to the State. I call this a sinking fund and in Australia they have a fund with the equivalent of €5 million. If a large college went wallop, at the moment those students would be insured and it would be up to the insurer, according to the policy, to find those students a place until the completion of their studies. The Minister of State has admitted that if such a large college did not have enough money, the State would step in so there is a cost to the taxpayer-----

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