Seanad debates

Wednesday, 7 July 2004

Dormant Accounts (Amendment) Bill 2004: Committee Stage.

 

6:00 pm

Photo of Brendan RyanBrendan Ryan (Labour)

——which he promptly ignored. He has not yet told me how objective criteria will be established. I will outline the process of disbursement of the moneys simply to explain what the Minister was talking about. The Bill states that the board shall prepare and submit to the Minister, before 1 June 2006 — that will be an interesting time as it will be in or around the next general election but I am sure that date is a coincidence — for approval a plan for the disbursement of moneys from the account. On the next page the Bill states that the plan does not take effect until it is approved by the Minister with or without amendment.

The first stage is that the Minister can approve or amend the plan. This will be prepared by the board which is supposed to give the Minister objective advice. Then, the Minister may, with the approval of the Government, amend the plan at any time after it takes effect. That is the Minister's second power. Then, the Minister shall ensure that the plan under this section is published in a form and manner that he may determine. This is the Minister whose actions are transparent who will decide how we are to be told about it.

The Bill states that after consulting the appropriate Ministers — which will be done in secret because the Government filleted the Freedom of Information Act — the Minister shall, not less than once a year, submit to the Government for its approval, with or without amendment, a proposal. This represents more power for the Minister. We do not know the criteria in this regard.

Comments

No comments

Log in or join to post a public comment.