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Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: Do they have to apply for it or will it automatically be-----

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: There was a good announcement in the budget about the increase in the stipend paid to PhD students. I think it is up to €25,000. When will that commence?

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: Do they have to apply or is it automatically-----

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: In terms of the corporate and financial oversight of the higher education sector and technological universities, the Minister will be aware some third level institutions have got into difficulty over financial decisions. Are there plans to review oversight arrangements or is the Minister happy with them?

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: Is the Minister satisfied the existing legislation can give effect to the financial oversight?

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: Grade inflation in the leaving certificate is primarily an issue for the Minister for Education but is the Minister concerned that in this and previous years we have seen students who got maximum points not able to get into the course of their choosing? Does he have any empathy for them? Is there anything he would like to see developed to ensure that does not happen in the future?

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: This committee was intimately involved in hearings in respect of Research Ireland and the resulting legislation. An issue arose in respect of the person appointed acting chief executive ending up in the courts. Will the Minister provide an update on the new agency? Is he happy with its direction?

Joint Oireachtas Committee on Education and Skills: Current and Future Plans for Further and Higher Education: Minister for Further and Higher Education, Research, Innovation and Science (9 Oct 2024)

Jim O'Callaghan: I wish the interim CEO well. Whether it is her or someone else, when does the Minister expect to appoint a permanent CEO?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: I welcome the Governor and the two deputy governors. I have a number of questions for Mr. Makhlouf. I will start by looking at the Central Bank's function, which is in respect of providing analysis on national economic policy. Does Mr. Makhlouf agree that the Irish economy is in good health at present?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Would Mr. Makhlouf say that the factors that made him conclude it is in good health are full employment, a large surplus, which a lot of countries do not have, and lowering inflation? Is there anything else he would add to that as a symptom of the healthy Irish economy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Mr. Makhlouf mentioned in his statement that we have stronger growth rates than expected. Why is that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Of course. Is the large surplus we have unusual in a eurozone context?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: In terms of the risk to our receipt of corporation tax, is there anything on the immediate horizon, other than what the Central Bank has referred to as geopolitical risks, that pose a risk to the ongoing receipt of those revenues?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Is it too specific to say the Central Bank may have a concern about a change in policy in the United States which could have an impact on American multinationals in Ireland?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: We are getting considerable receipts in from the multinational sector but what can be done to try to reduce that? We are not in a position where we want to try to reduce receipts coming in, but what does the Governor advise a government that it should do in respect of trying to lessen dependency on that? It is difficult to do that if one is very successful in a particular area, as we are.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: On consumer protection, I note the point the Governor is making. He is stating to this committee that the banks' commitment and obligation to provide consumer protection will not be diminished in any way as a result of the changes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: I would have thought that one of the biggest risks to Irish consumers in respect of financial products, many of which are not regulated financial products, arises in the context of scam advertisements online, whether on Meta or coming over the Internet through other forms. What role should the Central Bank have in respect of that? What role does Ms Rowland play?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: When the Central Bank identifies a scam advertisement, for example,who does it identify? Does it identify the Internet provider, such as Google or Meta, that has been publishing the advertisement?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Engagement with the Central Bank of Ireland (9 Oct 2024)

Jim O'Callaghan: Whom does the Central Bank contact when it finds one?

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