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Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: As I said, you are welcome to comment on the topics included in the invitation.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: That is fine.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: Go raibh maith agat, a Theachta. I remind the new members to make sure they indicate so that they are included in the list. I call an Teachta Nash.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: That is outside the remit of the committee in terms of the finance.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: That is fair enough.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: The NTMA.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: NAMA. I knew the Deputy meant the NTMA. I wanted to make sure the record reflected that.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: I am conscious that we are running low on time. I am delighted that Mr. McDonagh was able to join us.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: With regard to any questions outside the remit of what was on the invitation, it is Mr. McDonagh's choice whether to answer.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: I will come to a few of my questions. I am conscious that we are short on time and I have many questions, so I will not go into them all, for all our sakes. I have three questions which Mr. McDonagh might bring information back to the committee on. I will start with them and if Mr. McDonagh decides he wants to write in to the committee, that is fine. How much corporation tax did the NAMA...

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: I thought that. Sometimes it is easier to just ask those questions in this capacity rather than trying to get the answers in another capacity. We are near the end of NAMA. When it comes to the time to wind up, will Mr. McDonagh commit to this committee to produce the final report we have heard talked about, which allows for input from this committee on information that would be of value...

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: Does Mr. McDonagh think it will be more like a statement rather a pure, final debts report?

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: Anybody who was on the previous committee with me knows I have a keen interest in section 110 vehicles. It is something we have discussed a good bit in this committee, but it is my understanding NAMA has used multiple section 110 vehicles. What was the motivation for doing that?

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: Why?

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: It is just that the use of those vehicles in particular came directly from the-----

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: That is fair. It is very interesting that came from the Commission. Did the agency have many dealings with Revenue on that? Were there any dealings with it?

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: It is quite interesting to see where that goes. When NAMA is wound down I assume not everybody is planning on going straight into the NTMA. People will perhaps make decisions as to where they want to go.

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: My question is more about what happens after that and where somebody might want to go after that. I had a Bill before the Dáil previously on TDs and cooling-off periods. The legislation stated there should be a cooling-off period for TDs who are not re-elected or finish up and move on. It would apply to lobbying and so on. Is Mr. McDonagh aware of anything like that, especially...

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: How long is that?

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach: Dissolution of National Asset Management Agency: Discussion (21 May 2025)

Mairéad Farrell: Yes. It could be said of all our jobs.

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