Rory Hearne (Dublin North-West, Social Democrats)

I move amendment No. 4:

In page 10, between lines 15 and 16, to insert the following: “(d) A contractor must publish an annual profit and loss account, an auditor’s report, and a balance sheet in order to qualify to provide dwellings for the purchase of which funds may be made available by the special purpose vehicle.”.

The amendment seeks transparency in relation to developers and builders who are going to benefit from an extension of planning permission. We need to see open books for developers and contractors because we do not know what is going on in terms of profit-taking. In the development of the property sector, there are major issues regarding the lack of awareness, knowledge and understanding of the level of profit-making that is going on. In particular, in making changes that will enhance the profits of landowners and developers, we at least need to see the accounts of those who are developing land made public.

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