Jim McDaid (Donegal North East, Fianna Fail)

I agree with the Senator. It was raised by Fine Gael Members in the Dáil. Accountability is very important in this case and I believe that is what the Senator is asking for.

The Senator has not tabled an amendment to section 3(5) which provides for the laying of the principles of a sale for approval by the Dáil. The text used in subsection (5) follows precedent as it is similar to that used in legislation for the sale of Eircom, ACC and ICC. In the circumstances it is considered prudent to continue to follow this precedent in this case and reject the proposed amendment. If I were to accept this amendment I would be creating a precedent which I am not prepared to do. The Minister, unfortunately, has rejected this amendment in the Dáil and I must follow that line. I am not saying that matters should not be dealt with by this House but in this case it would appear that the line of thinking is that it is unnecessary. Any points which Senators wish to raise could be raised in the Dáil in consultation with their colleagues.