Peter Mathews (Dublin South, Fine Gael)
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Question 228: To ask the Minister for the Environment, Community and Local Government the protection in place for purchasers of apartments in order that they are aware of any shortfall in the finances of the management company and any future outlay to rectify building deficits; and if he will make a statement on the matter. [13544/11]

Phil Hogan (Carlow-Kilkenny, Fine Gael)
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The recently enacted Multi-Unit Development Act 2011 requires an owners' management company to prepare and furnish to each member an annual report including, among other things, a statement of income and expenditure relating to the period covered by the report, a statement of the assets and liabilities of the owners' management company and, where applicable, details relating to the operation of any sinking fund established for refurbishment, improvement and non-recurring maintenance. I have no function in relation to this legislation which comes within the remit of my colleague, the Minister for Justice and Equality.