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Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: On the last question-----

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I have a question about the large portfolios. What was the lowest number of bidders for any of those large portfolios? You mentioned five or six.

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Okay.

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: However, you understand the point I am making - 350 bidders and 350 separate pieces of property. You mentioned a lot of them were amateurs and we accept that, but you are going from 350 to two. If you are trying to sell a bullock at the mart and you are down to two bidders, with only two interested parties outside the ring, it will not go well for you. That is the point I am making. You...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Finally, I refer to the locations of the 7,000 units that were offered. You may not have the information with you, and that is fair enough, but would you send the locations to the clerk? I do not want the location of every house and apartment, but what counties they were in and the number in each county. Perhaps you could forward that to the committee because this has been raised at local...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Deputy Catherine Murphy has a final question. I ask you to be brief.

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I will conclude. I thank the witnesses for joining us today and the staff in NAMA for the work involved in preparing for the meeting and the information provided today. I also thank the Comptroller and Auditor General, Mr. McCarthy, and his staff for attending and assisting the committee's work. Is it agreed to request the clerk to follow up on information and carry out any actions...

Energy Prices: Motion [Private Members] (6 Oct 2021)

Brian Stanley: I welcome the opportunity to speak to the motion and thank People Before Profit for bringing it forward. Families and workers in the midlands and across Laois and Offaly must contend with increased fuel costs and the worry of how to keep the heating and lights on this winter. Our region in particular will be hit hard. Unfortunately, the Government continues to implement proposals that...

Public Accounts Committee: Business of Committee (7 Oct 2021)

Brian Stanley: All are very welcome to the meeting. Apologies have been received from Deputy Hourigan, who has other committee duties this morning. The Comptroller and Auditor General, Mr. Seamus McCarthy, is a permanent witness to the committee. He is attending remotely this morning but will join us in person for this afternoon's meeting. As we return to participating in committee meetings in person,...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: This morning, we engage with the National Treasury Management Agency, NTMA, which also acts as the national State Claims Agency. Today's meeting will focus on the NTMA's 2020 financial statements, chapters 15 and 16 of the Comptroller and Auditor General's 2020 report and chapter 16 of the Comptroller and Auditor General's 2019 report. We are joined remotely from within the precincts of...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: I thank Mr. McCarthy. Mr. O'Kelly has five minutes, which I understand he wants to share with Mr. Breen. Mr. O'Kelly's opening statement, which I read yesterday, is quite long. I ask the witnesses to take two and a half minutes each and to give a summary of the opening statement, which is available to members.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: I have to interrupt Mr. O'Kelly because there is only a minute and a half left for the other speaker. My apologies but I have to try to keep it to the five minutes in order to allow questions afterwards.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: We will hopefully cover most of these points in the back and forth. I had read the opening statements twice, and I know that members are diligent about these things. I respect the fact that Mr. O'Kelly has outlined the big picture in terms of the debt. Mr. Breen has just over a minute.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: I thank the witnesses. My apologies for having to cut them short. They will understand that we have to get through a lot during this meeting. I thank them for the information and for their opening statements. The lead speaker today is Deputy Devlin. He will have 15 minutes and every other speaker will have ten. I ask for members' co-operation, particularly we want to make sure that each...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: Hopefully, we will. The Deputy has 30 seconds left. Does she want to keep going?

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: I will now suspend the meeting for a short break. The first member to contribute when we resume will be Deputy Munster.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: Deputy Munster has ten minutes.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: We have lost the connection to Deputy Munster.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: We are over time. I will let Deputy Munster back in for a second round later.

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020
(7 Oct 2021)

Brian Stanley: Thank you. I will let Deputy Colm Burke back in later. If members want to come in for a second round of questions, they should raise their hand signal or indicate in the room, given some people are in the room and some are online. I have a couple of questions for Mr. O'Kelly. With regard to corporation tax, we are all aware of what is happening this week, in fact today, in regard to...

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