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Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: That is disappointing. I want to acknowledge the praise of Revenue as well.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: I thank the Deputy for bringing it to our attention. I read it briefly. It is something to which we should return. Costs in the legal profession are one thing, but the second matter is the open disclosure. We have raised it repeatedly and Mr. O'Brien raised it as an important issue that would help reduce costs. Enough has been said, but we should return to it. We need guidance from you,...

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: That is not the relevant organisation for open disclosure.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: I did not say that. They are an issue, but I said the open disclosure is significant.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: That is correspondence I asked to be held over on the last occasion. I have read it since. There is an answer from the EPA. The person who wrote the letter in the first place is not happy, but we should leave it for the moment and I will return to it in due course. We will deal with the correspondence which I have read.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: Yes.

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: What is the Charity Funds?

Public Accounts Committee: Business of Committee (8 Feb 2018)

Catherine Connolly: It is not doing it anymore.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Cheap mé go raibh muid ag déanamh dul chun cinn maidir le cothromaíocht inscne. An tseachtain seo caite, ghabh mé mo bhuíochas as an gcothromaíocht inscne a bhí i gceist ach táimid ar ais arís. Níl an locht ar na finnéithe ach ní féidir gan rud a rá. Last week, I welcomed the gender equality. It was wonderful. We had...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Subsequently, the Department gets it back from the Dormant Accounts Fund, which is managed by the NTMA. The NTMA manages the money, invests the money and looks after the interest rates. Each Department has to take money from its voted budget to give out.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Then the Department of Community and Rural Development gets it back from the Dormant Accounts Fund.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: The next issue then is the significant underpayment going out. I do not wish to be too critical because it should be a wonderful story. We heard an opening statement. The Chair has already referred to it and I myself had it marked. Mr. McCarthy spent most of the opening statement telling us what we know and not dealing with the issues that were raised by the Comptroller and Auditor...

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: I appreciate that the Department has come on this late. I want to say that on the record. In July last year, the responsibilities were transferred to the Department.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Prior to that, there were I do not know how many different Departments. There was a dormant accounts board. Would someone tell me was it functioning well originally? This scheme was set up in 2003. It was managed by a dormant fund account, is that right?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Was it working well?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: No, no. Was it working well?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: Is anyone here in a position to tell me was the dormant funds board working well and if so, why was it abolished?

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: If Mr. McCarthy has no opinion, that is okay.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: If it does not come within Mr. McCarthy's remit, that is okay. However, it is important to say there was a board there.

Public Accounts Committee: 2016 Annual Report of the Comptroller and Auditor General
Chapter 7 - Dormant Accounts Fund
(8 Feb 2018)

Catherine Connolly: I see no evidence before me that that board was not working properly and we needed a new system. What I see before me is not the Department's fault. It has gone from Department to Department, with serious underspend of money that is urgently needed. That is a question I am going to take up. What review was taken of the dormant funds account at the time? Why was there a need for a...

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