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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: There was no sanction against the insurance companies for not providing the data.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: I thank the delegations for attending the meeting. Mr. Conor Faughnan, Mr. Colm Carey, Mr. Kian Griffin and Mr. Justin Moran gave us much information. Their submissions have been significant and will form part of our consideration of this issue. The argument about young drivers and older drivers has gone on for yonks. It keeps on coming up in different presentations but is the same issue....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: We are in public session. I welcome the witnesses, Mr. Dermott Jewell and Mr. Raymond O'Rourke, from the Consumers' Association of Ireland. I remind you that you are protected by absolute privilege in respect of the evidence you are to give this committee. You are directed that only evidence connected with the subject matter of these proceedings is to be given and you are asked to respect...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: I am sorry to interrupt but do you have any evidence of that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: This presumably was negotiated by the union on behalf of its members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: Thank you Mr. Jewell. I now invite members to ask questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: Before the witnesses answer, I must apologise as I have to leave now to attend another meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Discussion (8 Sep 2016)

John McGuinness: The data.

Government Appeal of European Commission Decision on State Aid to Apple: Motion (7 Sep 2016)

John McGuinness: International corporate tax principles dictate that tax is paid where the value is created so this debate is not about fair tax. It is about where tax is paid. It is my opinion that to use a state-aid argument to dictate to a member state its tax policy is simply wrong. It is Commission creep into the sovereign - into our policy of taxation, which is created by those who legislate in this...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Election of Vice Chairman (7 Sep 2016)

John McGuinness: I ask members to turn off their mobile telephones before we commence the business of the meeting. I welcome all members of the committee and in particular the Senators who have been appointed to the committee. The first item of business this morning is the election of a Vice Chairman of the committee. Do members wish to select a Vice Chairman? If so, we will do it now and I will call for...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: Today we will discuss the rising costs of motor insurance and we are joined by the Minister of State, Deputy Eoghan Murphy and his officials. I ask the Minister of State to make his opening statement.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: Before calling on members, can the Minister of State outline to the joint committee the make-up of the different groups he has established, as well as the identity of the chair and the individuals who form each group?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: It is made up of officials who will engage with the-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: Can I ask the Deputy to conclude?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: I ask Deputy Lahart to finish up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: We are following the agreed format. After the Deputy concludes, the Minister of State will address the questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: I am chairing the meeting and members have decided on this format. When Deputy Doherty finishes, we can proceed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: Perhaps the Minister of State will reply to the other questions before that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: Deputy Doherty referred to a letter from the Central Bank, which the Minister of State commented on earlier. Can we have a copy of that letter?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Rising Cost of Motor Insurance: Minister of State (7 Sep 2016)

John McGuinness: They are the figures that I have heard.

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