Seanad debates

Wednesday, 12 October 2011

Dormant Accounts (Amendment) Bill 2011: Second Stage

 

1:00 pm

Photo of Sean BarrettSean Barrett (Independent)

I will be brief. I endorse what the Minister said at one point in his speech. Everyone in the House welcomes the use of these unclaimed moneys for the betterment of the less well-off in our society. Such work for the public good must continue and that is the Bill's intention, which I commend. It is important not to have a slush fund of some kind with high administration overheads and the money going to quangos or bureaucracies. We sometimes hear those complaints about lottery funding. If this is targeted and means-tested for genuinely deserving low-income people, it will merit our support. I commend the Minister on introducing the Bill.

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