Results 20,881-20,900 of 26,076 for speaker:Kieran O'Donnell

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: My point is that the process can never be bigger than the taxpayer.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: What controls are in place to prevent an individual from going to NAMA, purporting to act for himself or herself, to buy the loan and subsequently selling it on to the previous debtor?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: What does a person declare when he or she signs a section 172 declaration?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: Do they give an assurance that they will not dispose of the asset to the debtor?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: Does Mr. McDonagh not regard it as a reasonable suggestion that such an assurance be sought because they may not be connected with the debtor at that moment in time but subsequently could be?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: Mr. McDonagh will appreciate that the original intention during the passage of the NAMA legislation was that NAMA would never be a conduit for people who had loans transferred to NAMA to buy them back at a significantly discounted value through circuitous routes. That feeds into undervaluation.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: No; I am just looking at the systems.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: I feel strongly about this issue because we often lose sight of the total amount paid for the loans from the banks.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: This is taxpayer's money.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: This has had a major impact on people in their daily lives.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: While I know the National Asset Management Agency has a job to do in obtaining value for taxpayers, a moral issue also arises. NAMA must be vigilant about its procedures.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: I thank the Chairman and welcome the representatives of NAMA and the Department of Finance to this meeting. To put this in context, NAMA as a financial entity has had an enormous impact on Ireland Inc. Our role as a committee is to examine the use of taxpayers' money. I note in his statement that Mr. Mc Donagh said that he and his colleagues built the organisation, but it was built with...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: What date was that?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: I have a final question for Dr. Smith. From my reading of the internal audit report 12 organisations are paying externally funded salaries and allowances above the Government pay guidelines. The total number of allowance being paid is 47. However, some managers could be receiving double payments.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: What is the total number of managers involved in the 12 organisations concerned.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: Okay. In regard to the 47 allowances, how many individuals are involved?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: There are 34 people involved.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: I know that. How many of the 34 people involved receive more than one payment?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: What is the total number of people employed in all of the section 38 agencies?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 38 - Health
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (19 Dec 2013)

Kieran O'Donnell: So 34 of the 35,000 people are in receipt of allowances. This matter needs to be resolved. While as I have stated previously people are entitled to be paid for the work they do, if that pay breaches Government pay guidelines the issue must be addressed. With due respect to the HSE, we should not be discussing this matter today. It should have been sorted a long time ago.