Seanad debates

Thursday, 12 November 2009

National Asset Management Agency Bill 2009: Motions

 

12:00 pm

Photo of Dan BoyleDan Boyle (Green Party)

I also welcome the acceptance of this amendment. Members find themselves using an unusual procedure to amend an amendment to a Bill that went passed all Stages in both Houses. However, it is a sign of the seriousness the Government attaches to ensuring the Bill is as complete and acceptable as it can be. I hear what the Opposition Senators say about the number of amendments accepted.

Several dozen Government amendments incorporate ideas expressed by the Opposition in the ongoing debate since NAMA was first mooted and the publication of the draft consultation Bill in July. The completed Bill is very different from that draft. I have concerns, as does everyone, about whether this will work but I have more confidence than some that it can work. We need to get away from some of the trite phrases about whether the taxpayer is being unnecessarily exposed. These resources depend on the country's working and we all have an interest in ensuring that happens.

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