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Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

Kieran O'Donnell: We will stay in the time path.

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

Kieran O'Donnell: What will that peak at?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

Kieran O'Donnell: How will that be funded?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

Kieran O'Donnell: Is the National Pensions Reserve Fund a factor in that?

Public Accounts Committee: 2012 Annual Report of the Comptroller General and Appropriation Accounts
Vote 11 - Office of the Minister for Public Expenditure and Reform
Vote 12 - Superannuation and Retired Allowances
Chapter 3 - Financial Commitments under Public Private Partnerships
Chapter 4 - Vote Accounting
Chapter 5 - Vote Budget Management
(3 Apr 2014)

Kieran O'Donnell: What does Mr. Watt anticipate the peak figure will be per annum for public service occupational pensions? It is €3 billion at the moment.

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: There is a precedent on a vote.

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: It is important the people understand the Committee of Public Accounts has a body of work to do and that this is not personal but members are here to ensure taxpayers' money is spent in an efficient manner. I ask those to whom the committee has written to work with members in a spirit of co-operation. It is an issue that pertains to the entire charity sector. In common with other members,...

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: I have two points to make. First, 95% of the funding for the two main companies operating, namely, National Learning Network and RehabCare, is coming from the State from taxpayers' money. Second, the committee is undertaking a wider charities module of which Rehab is merely a part. Effectively, people must understand that the committee, on behalf of the taxpayer, will deal with many...

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: A commission of investigation is being set up. Before proceeding should we wait to see its terms of reference? The Joint Committee on Justice, Equality and Defence is taking such an approach. Do we need to consider taking a similar approach?

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: I direct this question to the Comptroller and Auditor General. When the then Comptroller and Auditor General would have carried out the examination in terms of the position, as distinct from the person, I have no doubt this particular issue would have come in within the normal audit in terms of An Garda Síochána in 2007. The Comptroller and Auditor General might give us a comment...

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: The Comptroller and Auditor General is straying into territory that-----

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: A career in politics might beckon.

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: Is that even on the issue of going back and reviewing the audit that was carried out in 2007 and informing the committee as to what were the issues that came to light or what was the outcome of the audit? Obviously, there is a commission of investigation under way which we must allow do its work. I am looking at this in terms of the practical aspects of the Committee of Public Accounts and...

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: That is not the issue I am raising. I am asking that the Comptroller and Auditor General in his role would look at the audit that was carried out overall in 2007 and give us an update as to what arose from that audit, no more and no less.

Public Accounts Committee: Business of Committee (3 Apr 2014)

Kieran O'Donnell: What is the Comptroller and Auditor General's overall observation on this matter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I understand the point Mr. Burgess is making but that is not much good to a business person, farmer or young couple. When people are approaching us in twos and threes we know there is a major problem. I want to get his perspective on the lack of consistency between providers. Could simple rules be devised to enforce some sort of equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I welcome everyone. My point relates to the paradox of positive equity where it actually works against a person to be in positive equity. Are the witnesses finding that institutions are almost becoming bloodhounds for positive equity?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: They are chasing it down every alley they can.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: I just wanted to get witnesses' observations because in the previous session, I raised the case of one institution which has become very aggressive recently, namely, Danske Bank. It is coming out of National Irish Bank, which would have a broad range of customers. People are coming in to me who are in positive equity. They are, effectively, getting voluntary surrenders. Am I right in...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Mortgage Arrears Resolution Process: Discussion (2 Apr 2014)

Kieran O'Donnell: If people are involved in the small business sector in any way and have property with any kind of positive equity, it can impinge on their businesses. It appears to be a growing phenomenon. It is the paradox of positive equity. Ms Sadlier has given us a good insight into it.

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