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Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: We are joined by the Comptroller and Auditor General, Mr. Seamus McCarthy, who is a permanent witness to the committee. He is accompanied by Mr. John Riordan, who is a deputy director of audit. I am now dealing with the agenda. No apologies have been recorded today. Are the minutes of the meetings of 18 and 20 October 2016 agreed? Agreed. I want to raise a point arising from the...

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: Will we bring in that account as part of the HSE's visit whenever it comes next? Is it part of the remit of the HSE?

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: How many of those patients-----

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: -----have passed away?

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: Perhaps we should write to the organisation seeking a note of explanation. The Comptroller and Auditor General talked about patient accounts. I presume there is not a separate bank account for each patient.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: I presume there is one account for the institution-----

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: -----and that somebody has a logbook of whose money is in the account.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: Is it all cash?

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: In all the nursing homes?

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: Yes.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: Yes. We will get the response.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: We will write first, get a response and then decide our work programme. Members can see on the next page that the Sea-Fisheries Protection Authority also had a clear audit report. We can move on except that we will write to the HSE for further information. The next item on our agenda is our work programme and Members can see it on the screen in front of them. Today, as part of our...

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: That is exactly what I said.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: There have been a request to meet the Comptroller and Auditor General early before the meeting.

Public Accounts Committee: Business of Committee (25 Oct 2016)

Seán Fleming: It has been sought before we get to the final meeting. We will get the secretariat and members to schedule a date. The Dáil is not sitting next week so the meeting will probably take place the following week when we are back, but that is subject to agreement all around. As there is no other business, I propose that we suspend for a few moments to allow the witnesses to take their...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Today the committee will continue its examination of the Comptroller and Auditor General's special report No. 94 on the National Asset Management Agency, or NAMA as it is better known, and its sale of Project Eagle, the code name given to the sale of its Northern Ireland loan portfolio. To date we have met with the Comptroller and Auditor General to discuss his report, representatives of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: I thank Mr. Collison. The first speaker indicating today is Deputy Bobby Aylward, to be followed by Deputy Noel Rock. The first speaker will have 20 minutes, the second will have 15 minutes and all other speakers will have ten minutes. I will indicate when there is one minute left in the time slots and members will have an opportunity to contribute a second time. Before I open the meeting...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Why the reference to 2009?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Is the red book valuation in 2009 the value at which NAMA took over the loans?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Seán Fleming: Explain the difference.

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