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Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: What is Mr. Corrigan's view on salaries?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: We cannot go into it because it is policy but I must state the payment of that type of salary to people in the context of the public debate occurring on what is paid to those generally described as bankers is significant. The public and I wonder how it can be justified. In so far as policy is concerned, it is a matter for another committee, but I am expressing my point of view. When the...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: I understand the explanation from the other side of the argument. Collusion, fraud, theft or anything one wishes to describe, happens in business. It happens everywhere and whatever is the enterprise, it takes the appropriate steps at the various levels within the organisation to anticipate what might happen. Regardless of whether it is in a shop where someone has taken stuff off the...

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: But did it rightly go back to the Exchequer? I refer to the €1 billion.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: From where did that €1 billion come in the first place?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: So it rightly went back to the Exchequer. That is where it should have gone.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: Had he not directed that it go back to the Exchequer, where would it have gone?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: That was in 2011.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: This is a policy matter but in the context of the budget, instead of going back to that fund, it went back into the general expenditure of the Exchequer. Is that correct?

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: I do not think Mr. Corrigan is obliged to explain that level of detail.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: I think he has been fair in explaining his salary and pension arrangements.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: Deputy O’Donnell should note the Comptroller and Auditor General has set down several recommendations, of which Mr. Corrigan is aware.

Public Accounts Committee: 2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
(22 Nov 2012)

John McGuinness: I thank Mr. Corrigan and his officials for attending today’s meeting. Several questions were asked about salaries and pensions within the agency. If it is possible to give this information to the committee, I would be grateful. If a report emerges from the State Street Bank matter, I would be grateful if Mr. Corrigan could provide the committee with a copy or to at least keep us...

Other Questions: Tourism Industry (27 Nov 2012)

John McGuinness: To ask the Minister for Transport, Tourism and Sport the reason for the fall in visitor numbers from Britain during the three months to the end of September; and if he will make a statement on the matter. [52624/12]

Written Answers — Department of Health: Health and Social Care Professionals Registration Fee (27 Nov 2012)

John McGuinness: To ask the Minister for Health his views on the proposed annual fee of €295 which all social workers will have to pay from next May to register in order to continue practising in the State; if it is his intention to reduce this fee; and if he will make a statement on the matter. [52579/12]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Departmental Funding (28 Nov 2012)

John McGuinness: To ask the Minister for Arts, Heritage and the Gaeltacht the discussions he has had with Ballet Ireland on its future development; and if he will make a statement on the matter. [53027/12]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Arts Plan (28 Nov 2012)

John McGuinness: To ask the Minister for Arts, Heritage and the Gaeltacht his plans to develop and encourage philanthropic support of the arts here; and if he will make a statement on the matter. [53017/12]

Other Questions: Alternative Energy Projects (29 Nov 2012)

John McGuinness: To ask the Minister for Communications, Energy and Natural Resources with regard to the introduction of Refit 3, and its importance to the biomass supply chain here, the reason there has there been such a the lack of interest in it being shown by relevant State companies; and if he will make a statement on the matter. [53264/12]

Written Answers — Department of Communications, Energy and Natural Resources: Offshore Exploration (29 Nov 2012)

John McGuinness: To ask the Minister for Communications, Energy and Natural Resources his proposals for a new offshore licensing and permitting regime; and if he will make a statement on the matter. [53265/12]

Written Answers — Department of Social Protection: Social Welfare Appeals (29 Nov 2012)

John McGuinness: To ask the Minister for Social Protection if she will expedite a claim for benefit and supplementary allowance in respect of a person (details supplied) in County Kilkenny. [53652/12]

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