Results 14,781-14,800 of 26,825 for speaker:John McGuinness
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: In what years were the €4.4 million in overpayments incurred?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: The total is €22 million.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: If I was running a shop or a small business, I would note that the first year cost me €7.2 million, the second year cost me €10.7 million and I made a mistake costing €4.1 million. That amounts to €22 million. I would also ask myself how I might recoup the €4.1 million. How much of that sum has SUSI recouped?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Does Ms Stewart know of any business in this country which would write off €4.1 million after two years? No business could afford it.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: That is what usually happens with an error. It is a particular time and a particular error. There are special circumstances but it still adds up to €4.1 million of taxpayers' money. Does Ms Stewart know how much turnover a company would require in order to make €4.1 million? The taxpayer is expected to carry that money with no questions asked.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Ms Stewart just admitted as much.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: When was the proposal made?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: In December 2014, Ms Stewart made a proposal to the Department to write off €4.1 million.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: I am speaking to Mr. Ó Foghlú. That was in December 2014. We are now half way through 2015. When does he think the decision will be made on the money?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: What does Mr. Burke think?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Given that it is €4.1 million, I hope it will be discussed.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Mr. Burke has not seen the proposal.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Mr. Ó Foghlú has had it for six months.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: When did the Department seek legal advice?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: From whom?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Does it usually take that long to deal with such matters?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: If this happened in a private business, it would no longer be in business. When we move on to 2014, the cost is €8.9 million. The first two years cost €22 million when the error is included. SUSI's costs amounted to €8.9 million, compared to an estimated cost of €10.5 million for the 66 agencies. After all that happened, we are still on the losing side. When...
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Would Mr. Ó Foghlú include it if it was a business?
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: This would be known through the auditors.
- Public Accounts Committee: Special Report No. 88 of the Comptroller and Auditor General: Restructuring the Administration of Student Grants (11 Jun 2015)
John McGuinness: Based on the audited figures for the 66 decision making bodies, can Mr. Ó Foghlú indicate to me the level of write off for grants paid incorrectly?