Mary Lou McDonald (Dublin Central, Sinn Fein)
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Question 123: To ask the Minister for Finance his views that it is appropriate that a special manager from a company (details supplied) appointed by the Central Bank of Ireland to Newbridge Credit Union, County Kildare, has been awarded €425 per hour in view of the investigation by the Chartered Accountants Ireland's complaints committee of the Chartered Accountants Regulatory Board which resulted in a finding that the company has a [i]prima facie[/i] case to answer in respect of its former role as auditors to Anglo Irish Bank. [3991/12]

Olivia Mitchell (Dublin South, Fine Gael)
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Question 124: To ask the Minister for Finance if he will provide further information in relation to the grant of a special management order in respect of a credit union (details supplied), specifically seeking information about the remuneration to be provided to the special manager and other persons appointed pursuant to the Central Bank and Credit Institutions (Resolution) Act 2011 to said credit union; and if he will make a statement on the matter. [4306/12]

Michael McGrath (Cork South Central, Fianna Fail)
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Question 161: To ask the Minister for Finance the persons who will bear the cost of the fees being charged by the special manager appointed by the Central Bank of Ireland to Newbridge Credit Union, County Kildare; and his views on the level of the fees in this case. [3986/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 123, 124 and 161 together.

The decision to apply to the Court for the appointment of a special manager is a matter for the Governor of the Central Bank, following consultation with me as Minister of Finance. On 13 January 2012, the Central Bank of Ireland secured a High Court Order for the appointment of a Special Manager to Newbridge Credit Union. In accordance with the Central Bank and Credit Institutions (Resolution) Act 2011, the remuneration payable to the special manager was included in the special management order approved by the Court on foot of the Central Bank's application.

Newbridge Credit Union has 14 days to appeal the decision to the High Court. This appeals period expires on 27 January 2012. I believe that it would be inappropriate for me to comment on the issues raised in the questions during the fourteen day window during which Newbridge Credit Union may appeal this decision.