Alan Kelly (Labour)

I move amendment No. 11:

In page 3, between lines 8 and 9, to insert the following subsection:

"(2) There shall be an oversight board consisting of 3 persons appointed by the Public Accounts Committee of Dail Eireann being persons of international financial expertise and repute, which shall report every 6 months to that Committee on the operation of this Act.".

This amendment proposes the creation of an oversight board consisting of three people appointed by the Committee of Public Accounts, these people having international financial expertise and being of similar standing in terms of such expertise, which would report every six months to the committee on the operation of the Act. The purpose is to bring in wider knowledge and expertise to oversee the unique legislation that has been put before the Houses in the last two days. This would be a good outside channel to examine how this Act performs in the duties for which it was proposed. We ask that it be supported. It is not a major ask and the Minister should support it.