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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: I turn to a potential solution. In most pieces of legislation introduced, which are based on an executive decision being implemented by a statutory enactment, there is a procedure within the legislation to allow the Minister to make regulations. Would the Department's concerns be met if the Bill provided that it was a matter for the Minister for Finance to designate a database of companies...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: I suppose a Minister could reach a determination on these issues independently, based on advice that he gets from within the Department. Would that be something that is outside the parameter of the expertise in the Department?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: I understand that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Where is that right of appeal?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: If there was a statutory scheme in place, Mr. Gilvarry is saying there would have to be a right of appeal.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Going back to a broader point, I would have thought the issue Mr. Gilvarry raised about the database could be resolved through a different type of drafting. Would he agree with that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Mr. Gilvarry stated that we would be an international outlier. Is that because we would be relying on the UN database or is it the case that similar legislation which seeks to disadvantage companies that are investing in illegal Israeli settlements exists elsewhere?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Does Mr. Ashmore know if we have detail-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: I thank Mr. Ashmore for his opening statement. Does ISIF have detail on how much is invested by ISIF in companies that are on the UN database of companies?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: How much is it? He may have said.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Does Mr. Ashmore know the total financial amount that is invested?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: It is €13.6 million, so we are talking about a relatively small amount

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Those investments are effected by external investment managers. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Mr. Ashmore mentioned a few companies, including Booking.com, Expedia and Airbnb. They are on the UN database. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Could ISIF's concerns be met by amending this legislation in the way I suggested to Mr. Gilvarry?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: If there were no legislation, would ISIF invest in companies that invest in illegal Israeli settlements in the future?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: Mr. Ashmore mentioned the United States anti-boycott legislation. What would be the worst-case scenario for Ireland if this legislation, if enacted, were to be categorised as coming within it?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Illegal Israeli Settlements Divestment Bill 2023: Discussion (20 Mar 2024)

Jim O'Callaghan: What activities are they engaged in that got them onto the database?

Written Answers — Department of Finance: Insurance Coverage (20 Mar 2024)

Jim O'Callaghan: 222. To ask the Minister for Finance the steps his Department is taking to ensure that community centres and halls have access to insurance for public liability. [11697/24]

Written Answers — Department of Finance: Tax Code (20 Mar 2024)

Jim O'Callaghan: 256. To ask the Minister for Finance whether services such as yoga, pilates, boxercise and spinning are being afforded a financial advantage over activities such as martial arts and gymnastics, which are required to charge VAT. [12701/24]

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