Results 8,321-8,340 of 20,057 for speaker:Brian Stanley
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Can we just clarify a point? I listened carefully to Ms Boate as she outlined the powers that she has. She has revisited these again in the last few moments. Ms Boate must approve any changes to the game. I asked the question earlier about the two balls being added. Did Ms Boate approve that?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Did the office approve it?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Who approved it?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: When did this happen?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: In which year did this happen?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: I will just bring in Mr. Nolan from the Department of Public Expenditure and Reform. Was the Department in the loop about the two extra balls being added?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: The advice to the Minister was that this was okay. At that stage the Minister was the regulator.
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: It was the Minister of the day who approved it.
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: I will continue with some questions and we may also have another Deputy popping in, or we may not. On the breaches of the licence, how many times has the licence been breached since the regulator's office came into being in 2014?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: How often does it happen? Is it once or twice a year?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: At most.
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: It is probably an average of once a year.
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: If Ms Boate was to pick out one as a major breach of the terms of the licence, what was it?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Okay. I wish to return to the issue of the advertising budget. When speaking about the advertising budget Ms Boate indicated that the 98% of unclaimed prizes was useful and went into advertising. I do not wish to misquote Ms Boate but basically she indicated that otherwise all the operator would have was the baseline budget for advertising. What is the baseline budget for advertising for...
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Are the dividends going back to the shareholders covered under the licence?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Okay. There is nothing there. Is the regulator aware that there was a 9% loan by the operator from its parent company during the period.
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Was it aware that the interest rate was 9%?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Was it aware that loans were available at or below 1% during that period?
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: Loans were available at-----
- Public Accounts Committee: Financial Statements 2021: National Lottery Fund (24 Nov 2022)
Brian Stanley: There were loans available at 0.25% but 1% was a general figure during that period. Does it strike the witnesses as odd that a loan was taken from the parent company for 9% when money could easily be borrowed for 1%?