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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: I apologise. I thought the Deputy wanted to debate it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: I have one final observation. An absence of social housing is not driving up rents in the private rental sector because there are income caps before someone can go into social housing. What is driving up rents is that there is a group who would purchase properties but are saturating the rental sector in a wait-and-see approach.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Amendments Nos. 73 to 75, inclusive, are related and will be discussed together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: There are conflicting views on the property market. People who are in negative equity want to see house prices increasing, whereas those who are trying to purchase homes want the best value. The reality is that half the people who are residential home owners have no mortgages. Does the strategy aim at normalisation or recovery? According to the Irish Banking Federation, approximately...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Is the Minister of State referring to business space as opposed to residential space?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Can there be multiple disposals or only one?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: It cannot be split. Therefore, there can only be one disposal.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Amendment No. 72 in the name of Deputy Pearse Doherty has been ruled out of order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: The request has been made. How stands the amendment?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Amendment No. 69 has been ruled out of order.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Yes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Would it be possible to have it in mid-January, although I realise the work is dense?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: I will bring in Deputy Boyd Barrett and then bring in Deputy Pearse Doherty.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: Is that the Matt Talbot school of taxation?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: The Minister of State, Deputy Brian Hayes, is in attendance on behalf of the Minister for Finance, Deputy Noonan, this afternoon.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: I propose to suspend the sitting until 2.15 p.m. We will resume with section 39, amendment No. 66 in the name of the Minister. Is that agreed? Agreed.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: I have been informed that there will be some activity involving the Ceann Comhairle's office concerning the availability of archives on the Oireachtas website in the foyer outside these committee rooms sometime later this afternoon and that might cause interference with the timing of our sitting.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: We might need to schedule a break at that time.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: We are required to break for lunch at this point.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Finance (No. 2) Bill 2013: Committee Stage (Resumed) (27 Nov 2013)

Ciarán Lynch: If the debate drags on, I will suspend proceedings.

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