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Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: KPMG and former Justice O'Neill are looking into all transactions that took place over €10 million. We are aware of that. What we are delving into here is how quickly a Department acts when it actually raises concerns itself. The answer is - not very quickly. Regardless of the regulatory body dealing with this, there was an awful long time between the raising of the initial concerns...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: It was March.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: My point is that concerns were raised within the Department on the operation of the bank, which led to the revised framework document. Is that a fair point?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: I am saying that that took too long.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: This issue has been back and forth with members and I think Mr. Moran understands how people feel about it, but, considering what happened in this country when it comes to non-regulation of the banking sector, there was an imperative to know what was going on within banks. It was imperative to know how a bank that was State-owned was operating and how it was dealing with what were...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: To finish this matter from my perspective, the reason I asked the question about the media reports when it came to a spike in share activity was to find out if there was an active level of consideration about all of the events that had affected Siteserv dating back to 2011 and 2012. This was an entity for which the Department was responsible. The response that the Department did not even...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: There has been some media coverage about the low take-up of the strategic investment fund, which was formerly the National Pensions Reserve Fund. I made an inquiry to the Department of Transport, Tourism and Sport about using the fund to fund infrastructure in regional airports, specifically Waterford Regional Airport. The Department told me that the Department of Public Expenditure and...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: On the specific issue I raised, is it okay if I ask Mr. Moran to liaise with his counterpart in the Department of Transport, Tourism and Sport?

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: Mr. Moran's counterpart contacted me and responded to my query on the scope for using the investment fund for that purpose.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: Recently there was a news report on the living city initiative. Along with the Minister, I worked on the initiative over recent years and I sought to extend it beyond Georgian buildings. It is not an initiative that affects my constituency much but a few buildings will probably be affected. Although the initiative took two years to develop with the European Commission, the Dublin Civic...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: It defeats the purpose if one has to subdivide a building to avail of a scheme.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: Tortuous is the word I would use.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: If the Dublin Civic Trust is correct and the majority of the Georgian buildings, which is what this scheme and initiative was set up for in the first place, are excluded, then the initiative must be looked at again. Has someone in the Department not understood that in many cases Georgian buildings ranging in size between 300 sq. m and 400 sq. m are the ones that need the attention? The...

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: Please.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: That is your last question, Deputy Fleming. We have to be fair to the officials now.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: Fair enough, thank you. To be fair to the officials they have been here now for six hours.

Public Accounts Committee: 2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2013
Chapter 2 - Government Debt and Finance Accounts 2013
(14 May 2015)

John Deasy: I thank the witnesses for attending. Does the committee agree to review and adjourn the debate on the Vote? Agreed.

Written Answers — Department of Agriculture, Food and the Marine: Aquaculture Development (6 May 2015)

John Deasy: 204. To ask the Minister for Agriculture, Food and the Marine if the new national strategic plan for aquaculture will include proposals to support and develop the oyster production industry, in view of the current multifaceted difficulties facing the sector; when he expects this strategy to be published; and if he will make a statement on the matter. [17262/15]

Written Answers — Department of Agriculture, Food and the Marine: Aquaculture Licence Applications (6 May 2015)

John Deasy: 205. To ask the Minister for Agriculture, Food and the Marine if his Department will allocate resources to expedite the processing of long-standing aquaculture licence applications within the Waterford Estuary once the appropriate assessment phase is completed as such licences are required to access vital capital grant assistance. [17263/15]

Written Answers — Department of Agriculture, Food and the Marine: Agriculture Schemes (6 May 2015)

John Deasy: 212. To ask the Minister for Agriculture, Food and the Marine the schemes, supports, or strategies that are in place to assist tillage producers, in view of the pressure on margins arising from the sharp reduction in crop prices, rising input costs and land rental values, and compliance with new European Union environmental regulations. [17486/15]

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