Dermot Ahern (Louth, Fianna Fail)

Then there would be a statutory requirement for them to give certificates of completion. They would not come cheaply. We have all been lobbied by various groups. We have to understand where they are coming from. If one were to adopt a measure such as the amendment proposes, independent certification of the completion would be required.

The Law Reform Commission does not investigate the effect of the retention of 5% of the purchase price by the management company on the price of such developments. The interdepartmental group did examine that question, albeit two years ago. All the major Departments were represented, in addition to the National Consumer Agency. While I do not attribute the proposal to the National Consumer Agency, it was the general view of the group at the time that to add 5% would have an effect on the purchase price to the detriment of the purchaser. It would be helpful to go back to the group and the National Consumer Agency for their opinions on the matter. I would like to take more advice on it.

I agree with speakers on the other side of the House and Senator O'Donovan on the involvement of the Department of the Environment, Heritage and Local Government. The 5% would not be necessary if the bond system was properly implemented by local authorities. We are aware that has not been the case. Perhaps instead of the 5%-----