Joe O'Toole (Independent)

In no contribution did I hear anything that would go against this. Certainly, those who declared an interest as being auctioneers were very open and welcoming about how the issue might be approached. I would like to do it in this way and be supportive. I will be prepared to accept the amendment if the Minister of State can assure me those carrying out the review will include more than officials from the Department of Justice, Equality and Law Reform. They should include the people outlined here, representatives from the Department of Justice, Equality and Law Reform, auctioneers and their two bodies, and others. They will produce a report and it will be up to the Minister to decide if it represents the way forward. It should be a very useful exercise, from which auctioneers would have most to gain initially.

As I said, we are talking about transactions valued at up to €25 billion and probably far more on an annual basis. It is huge money and needs some form of transparency, openness and regulation. I ask the Minister of State to confirm his position on this.