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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Was the change of name made by statutory instrument or legislation?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: I do not like that idea.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: We have had a debate on the role of Gaelic in society but now we are getting rid of Irish. Irish Water is listed instead of Uisce Éireann, not that I agree with either.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Now we are changing Bord Gáis Éireann for a Latin word.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Uisce Éireann.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: In the legislation it is listed as Irish Water.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: My point is that the Government has decided to use the English version of the name. Both names have equal status. Now we are changing the name of an Irish State-owned organisation, Bord Gáis Éireann, to what seems to be a Latin name, Ervia. Is that correct?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: I am opposed to the section because it concerns the establishment of NewERA, which I believe is a Trojan horse for the privatisation of what we might call the family silverware. It is not appropriate this would happen and on that basis I am opposed to all of the sections relating to this. I believe the intention of the Government in regard to State organisations is to bring about their...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: I move amendment No. 14: In page 26, to delete lines 3 and 4.This relates to section 19, which deals with financial and commercial advisory functions relating to designated bodies. Amendment No. 14 proposes to delete the lines relating to where the agency will make any proposals on the acquisition or disposal of any interests in a designated body. As I mentioned earlier, this obviously...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Will the Minister of State go back over the part dealing with amendments Nos. 16 and 18, where the approval of the House of the Oireachtas is required in the first instance anyway?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: No, just the relevant part.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: That is the point. The amendments are being dismissed and the Minister of State is saying there is no point in seeking the approval of the Oireachtas when it is already required in the first instance.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: That relates to amendment No. 18. Is the Minister of State claiming the Houses of the Oireachtas would have to approve the sale of State assets in the first instance?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Presumptions are dangerous and if we just relied on them, we would not write any legislation or the rules governing the game. Will the Minister of State acknowledge that the sale of State assets does not require approval of the Houses of the Oireachtas?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Will the Minister of State agree there is no legislative requirement on the Houses of the Oireachtas to give approval for the sale of State assets?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Even if we take the case of Irish Water, the Irish Water legislation is being changed as a result of this legislation. Can we acknowledge that for a start? This will affect it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: This section deals with Irish Water and it is named specifically. Irish Water goes to NewERA as a result of this legislation.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: What does the Minister of State mean by stating it is already covered? Where is the legislation indicating that the ESB cannot be privatised once this legislation is enacted?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: No. I asked first about the designated bodies stipulated here going from (a) to (f) and any other State bodies. As the Chairman indicated, Irish Water legislation had a stipulation regarding a resolution of the Oireachtas. The Oireachtas is about to pass a resolution that will allow for a Minister to "direct" - we will come back to that word momentarily - an agency to sell or wind down any...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: National Treasury Management Agency (Amendment) Bill 2014: Committee Stage (1 Jul 2014)

Pearse Doherty: Irish Water is one example but we should move on from that. We could argue until the cows come home about it.With any of the other designated bodies, including the ESB, Bord Gáis, Bord na Móna, Coillte, EirGrid and any other State body specified in any order under subsection (3). The agency, which is the NTMA rather than NewERA, shall: if a Minister of the Government who is a...

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