Fergus O'Dowd (Louth, Fine Gael)
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Question 142: To ask the Minister for Finance the way public service recruitment restrictions will affect the establishment of the National Asset Management Agency; and if he will make a statement on the matter. [18495/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The National Asset Management Agency (NAMA) will be established on a statutory basis, under the aegis of the National Treasury Management Agency (NTMA).

In accordance with section 7 of the National Treasury Management Agency Act 1990, the recruitment of staff, and terms and conditions of employment, are a matter for the NTMA and will not be subject to public service recruitment restrictions. Preparatory work by my Department, the Office of the Attorney General, the NTMA and our legal and financial advisers for the establishment and operation of NAMA on a statutory basis is under way. This includes work on the assessment of the human resource requirements and staffing needs of the Agency.