Seanad debates

Wednesday, 7 July 2004

Dormant Accounts (Amendment) Bill 2004: Committee Stage.

 

6:00 pm

Photo of Brendan RyanBrendan Ryan (Labour)

What the Minister is effectively stating, although he will not do so outright, is that if he was not introducing this utterly unnecessary legislation, the existing board could get on with its business and there would be no delay. However, what he means is that because the Government is determined to get its hands on the slush fund, everything has been held up, decisions have been held up and resources will not be provided to the board because it will not be doing this job. Therefore, decisions on applications from all the good causes which are supposed to benefit from this money are being held up and the Government does not know when it will be ready to issue the slush fund. However, I predict it will be in approximately a year and a half when the election is around the corner, for which the Government is waiting.

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