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Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Is it fit for purpose now or does it need to be updated?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: A lot of people do not understand it. Indeed, I have difficulty in understanding it myself at times. I know there is the 80:20 ratio and a call on 7.5% of assets for a maximum of three years. Is that correct?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Let us say a person's house is worth €650,000 and he or she has savings of €80,000 but has a very low income after tax. The person is 75 years old and lives for three years after admission to the fair deal scheme. The person's net worth on death is €730,000. Let us say for argument's sake, that the fair deal scheme needs €230,000 to cover the cost of care. What...

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Where does it go?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: That goes to the estate. Okay.

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: What happens in the case of surviving relatives who have no money but have a house? Are people put out of the house so that it can be sold? What way does that work?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Is that for a period of time or for their lifetime?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: A life interest?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: What about a son?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: If they were not dependants, would they be put out?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Does Revenue collect the moneys on behalf of the HSE?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Are administrative charges applied?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: If I have to sell someone's house or if the State is selling it, is there a charge by Revenue?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: The punter would incur that cost. Is that correct?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Does Revenue charge?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: There is no fee associated with it.

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: There is a lot of fear around the scheme because people do not really understand it. I have difficulty understanding it myself.

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Is there a list or details available on how many homes have been taken?

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: Can we get data on that? Can we find out how many homes were taken and get information on the distribution of assets, estates and so on. Can the witnesses give us details on that? I know that we cannot name individuals but-----

Public Accounts Committee: Financial Statements 2016: National Treatment Purchase Fund (14 Jun 2018)

Marc MacSharry: It would be useful to have a breakdown of how it worked out in various cases, how many homes have been involved, how many individuals have benefited from the scheme, how much it cost and so on. It would be helpful to get a note on that while not naming any individuals, their net worth or any other information like that. I am sure that such a list could be numbered or coded in some fashion....

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