Liam Twomey (Fine Gael)

I move amendment No. 3:

In page 17, between lines 17 and 18, to insert the following:

"(viii) to ensure that the measures taken in this Act restore confidence in the banking sector are reciprocated by lending by the participating institutions to members of the public generally in their private capacity and to small and medium enterprise in particular,

(ix) to ensure an orderly property management strategy over a ten year period following the enactment of this Act,

(x) to recover the maximum funds for taxpayers by ensuring that the principal and exclusive purpose of NAMA is to recover the maximum funds possible for the assets acquired by NAMA under this Act, and

(xi) to take all necessary steps to prevent a recurrence of the conditions that brought about the financial crisis.".

We discussed this issue on Committee Stage and the proposals are self-explanatory. Does the Minister have any plans to publish a ten-year strategy on how NAMA will work out and how it will dispose of its property? The concern is the size of NAMA. NAMA is massive. It will be the biggest property company, and probably the biggest development company, in the country. It will control significant assets for a number of years. Once this legislation has been passed I would like to know the Minister's plans to provide more information on the future of NAMA in the next decade. The purpose of this amendment is to insert a requirement in the legislation seeking that.