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Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: They knew that he was on the-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: No, I mean they knew the role Mr. Cushnahan-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: ----and his conflict.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: It was not that NAMA had pointed it out at the time.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: Why, at that point in time, did NAMA not approach the other two bidders and clarify the situation? Why did NAMA wait until the deal was done with Cerberus before NAMA asked them for a statement?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: Was it done before NAMA signed up?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: I have one last question about the timing of the sale, the losses on the sale and whether a specific benchmark should have been adhered to. Was this not NAMA's biggest loss out of all its transactions to date?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

Joe Costello: NAMA has made substantial profits overall but this deal kicked against the tide. NAMA was established in 2010 and when this sale was made in 2014, the market was still weak in Northern Ireland but NAMA was receiving rental income of between €50 million and €60 per annum. Why did it not maintain that rental income stream given that the market was at bargain basement levels?

Written Answers — Department of Children and Youth Affairs: Mother and Baby Homes Inquiries (7 Jul 2015)

Joe Costello: 278. To ask the Minister for Children and Youth Affairs the progress that has been made on identifying the burial place of the Tuam babies; and if he will make a statement on the matter. [27243/15]

Written Answers — Department of Health: Hospitals Discharges (7 Jul 2015)

Joe Costello: 348. To ask the Minister for Health if he will ensure that there are adequate support services provided for patients who are discharged from hospital; and if he will make a statement on the matter. [27250/15]

Written Answers — Department of Health: Prescription Charges (7 Jul 2015)

Joe Costello: 349. To ask the Minister for Health the reason a patient must fill a prescription within 24 hours of leaving a hospital or pay a doctor for a new prescription; and if he will make a statement on the matter. [27251/15]

Written Answers — Department of Education and Skills: Institutes of Technology (7 Jul 2015)

Joe Costello: 449. To ask the Minister for Education and Skills her plans for the next stage of the development of the Dublin Institute of Technology campus at Grangegorman in Dublin 7; and if she will make a statement on the matter. [27183/15]

Written Answers — Department of Environment, Community and Local Government: Arts Funding (7 Jul 2015)

Joe Costello: 540. To ask the Minister for Environment, Community and Local Government if the strategic development zone in the North Lotts and Grand Canal Harbour will qualify for the 1% for art scheme; and if he will make a statement on the matter. [27262/15]

Public Accounts Committee: Business of Committee (2 Jul 2015)

Joe Costello: Not quite in that context, but partly to do with procurement issues, we did agree that there were so many breaches in various public sector bodies and Departments that we would do an audit of it. How is that coming on and when do we expect to have it?

Public Accounts Committee: Business of Committee (2 Jul 2015)

Joe Costello: Do we propose to deal with it before the summer?

Public Accounts Committee: Business of Committee (2 Jul 2015)

Joe Costello: That will be here next week.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I welcome Mr. Cody and his team. Deputy McFadden went quite thoroughly through the local property tax. Revenue seems to have done a good job in a short space of time. It has put an effective system in operation. It has achieved a high compliance rate of up to 97%. It will have to get rid of its 248 staff when it hits 100% compliance. I would like to ask a question about the local...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: Revenue's role has been to provide data analytics and give the current picture. Has it been looking into the future by giving an idea of valuations? Does it play any role in making an input into policy matters?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: I am interested in Revenue's engagement with Mr. Thornhill's committee. Does it have someone on the committee?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
(2 Jul 2015)

Joe Costello: The raw material.

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