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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: I call Deputy Jim O'Callaghan.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: The Deputy may do so provided her questions are on the topic. We are finishing at 3.15 p.m. and I want to ask the Minister a question or two. I can bring the Deputy in first in the private session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: We will finish, I hope, at 3.15 p.m. I want to ask some short questions of the Minister. Some time ago we held a hearing and listened to the case made by EBS, its tied agents and AIB. The Gallery was full of those tied agents. A number of them have passed away since then, but the issue trundles on. Is there any way the likes of AIB and the issue relating to tied agents, if it were to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: Thank you. I am not bothering you with a mundane issue. It is not a mundane issue. It is a really serious one and a terrible reflection on AIB. May I ask you your opinion on a banking forum, Minister? I have mentioned this to you in the Dáil. In line with the legislation and what is going on generally in banks now and the change of landscape, do you see a banking forum as...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: I will push you a little on the banking forum. I am not talking about a permanent banking forum that would continue to roll on; I am talking about a banking forum made up of all stakeholders that would make a contribution verbally and perhaps make a statement together afterwards relative to and feeding into the legislation. You may say written submissions are just as good. I just thought...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: I alert you, Minister, although I am sure you are well aware of it, to the public disquiet around vulture funds and how they acted and continue to act against individuals who are caught in bad mortgage or bad loan situations. Something like attracting them into Ireland has to be treated exceptionally carefully.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: We do not want any more of the carry-on we saw with the vulture funds during the course of the crisis. The last thing I will say to you, Minister, since you mentioned the tracker mortgage issue, is that for the vast majority of those involved in that issue, their individual cases have been dealt with. However, we heard recently from Tony Lawlor, who is an individual with a difficulty with...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: Yes. He has been exercised by all of this. I respect the fact that you do not deal with individual cases. I am not asking you to do so. I am just asking that you emphasise with the banks that it is high time those cases that are lingering on were dealt with. What you get from the bank is an acknowledgement of the case being before it and it could be another five years before you get a...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Corporation Tax Issues and General Scheme of the Central Bank (Individual Accountability Framework) Bill 2021: Minister for Finance (10 Nov 2021)

John McGuinness: I thank the Minister and his officials for attending. The committee will now go into private session.

Written Answers — Department of Agriculture, Food and the Marine: Forestry Sector (16 Nov 2021)

John McGuinness: 663. To ask the Minister for Agriculture, Food and the Marine if an application (details supplied) that has been before the Forest Service since 2019 will be approved without delay; the reason for the delay in the processing of same; and if he will make a statement on the matter. [55563/21]

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: You cannot beat experience.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: I call the Minister.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: Apologies, Deputy, please proceed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: Is the amendment being pressed?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: It has to be someone from the same group.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: If I agree to that.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2021: Committee Stage (16 Nov 2021)

John McGuinness: I am sorry to interrupt the Deputy but there is a vote in the House. The question is whether we have to go and vote.

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