Brendan Howlin (Wexford, Labour) | Oireachtas source

It sounded like bullying to me as well, but there we are. I am clear the provisions of this Bill will apply to everyone as soon as it is practicable. Senator Norris has made a valid point. To ensure people do not make mistakes and are prepared for this system, we will allow time for there to be some preparation in the reporting mechanisms. There will be a time gap between the commencement of the requirement and the reaching of the requirement to report, if Senator Byrne understands what I am saying. We can commence that all moneys are accountable from this date, but the process of how that is done will not come until the money has been drawn down during the course of the year and the year has concluded. Have I been clear?