Results 901-920 of 7,404 for speaker:Mick Wallace

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Mr. Cahillane said that no red flags were raised about Carillion. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Does Mr. Cahillane accept that Carillion was a bit of a Ponzi scheme and that these guys were a sham?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: It was a con job. The NDFA looked past KPMG but did not see that anything was wrong. Is it fair to say that there might be an issue with how the NDFA carries out due diligence?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Was the contract awarded in July 2016?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Does Mr. Cahillane agree that the reputation of KPMG was pretty well shattered a bit before then?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: I know that the NDFA does not do legislation. Legislation covering subcontractors was introduced in 2013.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: It is pretty obvious at this stage that the legislation is fairly useless and did not do what was intended. Let us consider its definition of a construction contract. Section 2(3) of the Construction Contracts Act states: "A contract between a State authority and its partner in a public private partnership arrangement, as those terms are defined in the State Authorities (Public Private...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: I ask Mr. Cahillane to please repeat what he said.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: The Construction Contracts Act states in section 2(3) states that it is not a construction contract if a PPP is involved.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: I want to discuss KPMG. The NDFA officials have stated the NDFA has taken legal advice that there is not a great position, from a legal point of view, for it to take a case against KPMG. Given that so many subcontractors are affected, with the consequential impact, and as KPMG did such a bad job of assessing the position of Carillion, would the NDFA consider taking a case not on its own...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: The subcontractors are the ones who are suffering the most for KPMG making a dog's dinner of its assessment of Carillion. The subcontractors cannot afford to go toe to toe in the High Court with KPMG. Even though the State might not have a great case, do the witnesses agree the State should consider taking a case on behalf of the subcontractors in the interests of justice?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Many things are unprecedented. It is a first for something in the world every day. Do the witnesses think that in the interests of justice, taking a legal case could be considered?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: It seems to me that striking a deal with a PPP is a nice arrangement, despite the fact that the deal costs 15 times more than can be borrowed. It is a nice arrangement where people can say, "There is the contract, there is the deal and we wash our hands off this project as it has nothing to do with us anymore." I believe that the organisations present do not give a damn what contractor was...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Yes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: Responsibility has been reneged upon. When there is a PPP project, do the witnesses accept that the risk to Irish workers and subcontractors is greater and there is less control for the State?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Public Private Partnerships - Liquidation of the Carillion Group: National Development Finance Agency and the Department of Public Expenditure and Reform (26 Jul 2018)

Mick Wallace: So many subcontractors were involved in this project and the collapse of Carillion has had such an impact on them that I do not think their anger will dissipate. Whether they get satisfaction is one issue but there is another issue. When the subcontractors' Bill was being introduced I remember the then Minister of State, Mr. Brian Hayes, saying that it was not going near the arrangement...

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Mick Wallace: Most Deputies have alluded to the fact that this is July and we first heard of this initiative last October. We are able to do things in this House overnight sometimes and more times it takes a year. It is worrying it has taken so long to get this body up and running. One would have to wonder about the Government's priorities, given that it has failed to progress this initiative for so...

Home Building Finance Ireland Bill 2018: Second Stage (Resumed) (5 Jul 2018)

Mick Wallace: The Government keeps saying there is. I know for a fact that Wexford County Council cannot get money from the Government. Approved housing bodies can get some money from the Government much quicker than the local authorities. It takes the local authority two years to get money approved. I do not understand why that is the case. I must get someone to sit down with the Minister of State to...

Intoxicating Liquor (Breweries and Distilleries) Bill 2016: Report Stage (Resumed) and Final Stage (5 Jul 2018)

Mick Wallace: The Deputy can come tomorrow.