John Paul Phelan (Fine Gael)

I move amendment No. 4:

In page 12, subsection (1), line 36, to delete "€500" and substitute "€250".

I mentioned, when discussing amendment No. 1, that the figure of €500 is used in the Bill. This amendment is designed to question how or why that figure was arrived at. My understanding is that, in similar legislation dealing with dormant bank accounts, a figure of €100 or thereabouts was used. I ask the Minister to explain how and why the €500 figure was arrived at.