Results 2,821-2,840 of 14,090 for speaker:Marc MacSharry

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Is that what the report states?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: I hear what Mr. Moran is saying but what the public is interested in is whether we are going to remove the cap.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: That would be a decision for the Government. I wonder if it will be making that decision soon.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Yes, but in real terms, we are not talking about IBOA members here. I would not say there is a big section in the report that the Department commissioned on them.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: We are talking about the guys on millions and what the taxpayer is interested in is whether we are on the cusp of removing the cap and heading back to the same old, same old, with chief executives on €6 million and €8 million per year.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: To be honest, I totally agree. We should reward the people lower down but that has nothing to do with the pay cap. I do not know what the average bank official earns now but when I was an ordinary bank official, it was not very much and it certainly would not pay for the printing of the aforementioned report, not to mention the-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Of course, but we are not talking about modest bonuses here. We are talking about the pay cap at the upper end. At the banking inquiry we had guys in who had salaries and bonuses worth €6 million and €7 million per year. The public is interested to know if we are heading down that route. In terms of the timeline, I know that our guests cannot say anything definite because it...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: The report is complete but Mr. Moran is not in a position to say whether it recommends the removal of the cap.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: I appreciate that-----

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Mr. Moran is not in a position to say but the report could say that. We are waiting for the outgoing Governor of the Central Bank to give a view and that is imminent. Once the Minister gets that view, he will be in a position to make a decision.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: We can put that to him on the Order of Business in the House next week. That is fine. That is that issue dealt with so I will move on the IBRC and the liquidation of same. Are the relevant people here to discuss this?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: A question that was on my mind, which I probably should have asked the last time we visited this issue, relates to the drawing up of the terms of reference for the liquidation. Did KPMG advise on that process?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: I am anxious to know because KPMG is the liquidator.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Given what we saw lately with the national children's hospital and other such matters, I am interested in it. Obviously, it was new ground, there was a big liquidation being drawn up - the biggest in history, and I very much hope to hear back from Mr. Moran that KPMG was not consulted and did not advise on the formulation of the terms of reference. If the answer is other than that, we...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: It is.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: The law did not specify there is not a committee, the Act took out what is in the Companies Act 1963 to ensure that there would be a committee.

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: We have been through it before but we got no answers and we have this charade going on down in the High Court where on the one hand we are not allowed to have the answers because the matter is sub judice. This committee has offered to try to see if we can help. The Chief State Solicitor's office, without checking with us, put it into a letter of correspondence to the applicant in the case...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: What is the other case? Is there another case?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Who took that?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: Is the statement of claim broadly the same?