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Order of Business (10 Jun 2015)

Peter Mathews: I refer to another aspect of the companies auditing Bill mentioned by Deputy Durkan. It relates to the continuing interest overcharging by IBRC, which is now in liquidation. This is very important.

Order of Business (10 Jun 2015)

Peter Mathews: It has been read into the record-----

Order of Business (10 Jun 2015)

Peter Mathews: The promised legislation is the companies auditing Bill.

Order of Business (10 Jun 2015)

Peter Mathews: No, it was a different answer to a different question. This relates to the auditing-----

Order of Business (10 Jun 2015)

Peter Mathews: That is correct. I refer to its purpose. When it is published it has a purpose.

Order of Business (10 Jun 2015)

Peter Mathews: That has been mentioned. Its purpose is now extremely important across the whole nation. IBRC, which is operated by other companies that are subcontractors to run the ledgers and do the operations of the loans, some of which have been sold, some of which are still in IBRC-----

Order of Business (10 Jun 2015)

Peter Mathews: There is interest overcharging. Ms Justice Finlay Geoghegan said so in her determination in a court case last November.

Order of Business (10 Jun 2015)

Peter Mathews: This is very serious. The Minister is jointly and severally liable for such illegal overcharging.

Order of Business (10 Jun 2015)

Peter Mathews: Should promised legislation not cover this illegality by the Minister for Finance-----

Order of Business (10 Jun 2015)

Peter Mathews: -----the Central Bank and the NTMA which are shareholders in IBRC?

Order of Business (10 Jun 2015)

Peter Mathews: What point are people missing?