Thomas Byrne (Fianna Fail)

I move recommendation No. 9:

In page 12, to delete lines 44 to 57 and in page 13, to delete lines 1 to 3 and substitute the following:

"(a) a chargeable person who is an insurer pays an amount in respect of the duty in relation to a contract of assurance, the amount shall be deemed to be a necessary disbursement from the pension fund of the insurer. Notwithstanding that, the insurer may not adjust accordingly any benefits under the contract.".

We are dealing with recommendations Nos. 9 to 11, inclusive. I wish to defer to my colleague, Senator O'Brien, in respect of this recommendation No. 9 if that is acceptable.