Seanad debates
Thursday, 16 June 2011
Finance (No. 2) Bill 2011 (Certified Money Bill): Committee and Remaining Stages
4:00 am
Thomas Byrne (Fianna Fail)
I will not pursue the matter further. Suffice it to say that if Senator Jimmy Harte is concerned about administrators' and managers' charges, he should note the recommendation is an attempt to deal with them. While it may not be properly drafted, we certainly had in mind that one should not be able to cut people's benefits. The Taoiseach said one could talk to the banks or fund managers in the hope they would not pass on the charges, but that is not good enough. The Government can introduce laws to deal with such issues.
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