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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: In my office, which deals with these issues, we may contact a third party and MABS could be a third party. We are inquiring about the status of what is going on and trying to pursue this at a higher level, whereas MABS is dealing with the nuts and bolts, as it were. These companies will not talk to us in the office. They are saying that only one third party is allowed. When they hear that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: How often do the witnesses have meetings with Government Departments? I presume they meet Ministers and so on. How do they feel about that engagement? Are the doors to those offices open to them to be listened to and to have their experiences taken on board - or not? I include in that the funding for both organisations and the changes they want to see. Are the Departments open to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: That does not answer the question as to whether or not the witnesses have an open door to Ministers and their Departments in order to make their case. From what we are told, hundreds of meetings have taken place between vulture funds and the Department of Finance. That is as much as we know. I want to understand the power imbalance, as Mr. Sreenan calls it. Is there an imbalance in terms...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: I am not putting the witnesses on the spot, but someone has to answer, and the Government is not answering.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: A stitch-up is right. That hearsay evidence too has added to the imbalance. I did not vote for it, but a Bill to allow the courts to conduct some of their services by way of Zoom during the pandemic was passed in the Dáil late one night. Down in the body of the Bill there was this issue of hearsay evidence, and that, in my opinion, has further complicated the imbalance that is there....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: You can work away. You do not have to-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: An awful lot of the car firms we see are transitional.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: They are still not regulated; they are in transition.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: There were 17 authorised credit firms - I think that was the number I got - and 26 more were awaiting authorisation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: What are home reversion firms?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: What is home reversion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: The language complicates matters and suits those in financial services. The language is beyond an ordinary citizen.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: Before the courts, all the legal representation is on one side and the lay litigant is on the other. The Judiciary frowns upon the lay litigant. It seems to me the imbalance against the individual continues to be added to.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: I ask the Deputy to take the Chair because I have a meeting and there is a delegation of people waiting for me. Deputy Crowe is next to contribute. I sincerely thank Deputy Durkan for his contribution. Like many other Deputies, he has my full support for the work that he does. Mr. Sreenan referred to a case just now that was anonymised. Is he prepared to submit some of his cases to us,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: Please do.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: I ask because there are others that are going to come before our committee to give us their story similar to the tracker mortgage issue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Investment Funds: Discussion (8 Mar 2023)

John McGuinness: It would be great to put a human face on what is a tragedy in society and a poor reflection on the Government. I ask the witnesses to do that. If FLAC can add to that then its representatives are more than welcome to do so. Finally, I thank everyone for coming here today and hand over to Deputy Durkan.

Written Answers — Department of Communications, Climate Action and Environment: Telecommunications Infrastructure (7 Mar 2023)

John McGuinness: 172. To ask the Minister for Communications, Climate Action and Environment the number of State contracts awarded in the past ten years for the provision of broadband and telecommunications projects; the value of each contract and the name of the successful bidder; the details of the level of Government oversight in each project; if this oversight extended to main subcontractors involved in...

Written Answers — Department of Transport, Tourism and Sport: Driver Licences (7 Mar 2023)

John McGuinness: 194. To ask the Minister for Transport, Tourism and Sport if he is aware of the concerns of NDLS employees regarding the closure of the office in Kilkenny on certain days, resulting in job losses; if he will address the issues arising from the cutback, such as the applications from individuals that cannot use online services and those that do not have a PPS card; and if he will make a...

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Benefits (7 Mar 2023)

John McGuinness: 414. To ask the Minister for Employment Affairs and Social Protection if a person (details supplied) is in receipt of their full pension entitlement; and if all of his or her entitlements will be reviewed to ensure he or she is in receipt of same. [10852/23]

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