Caít Keane (Fine Gael) | Oireachtas source

I thank the Minister of State for that explanation. It is an important point but I do not think it is in this part of the Bill as it deals with the administration. I read the article by Colm McCarthy on the transfer of assets and liabilities to ensure that everything is written down on paper. What the Minister of State has said is correct, namely, that one does not want to find at the end of, say, five years that good assets have been handed over for less than they are worth and charged more for rusty or lead pipes that have to be replaced. It is also important that everything is written down and spelled out in the plan when agreed to ensure there are no hidden costs.