Results 581-600 of 1,107,892 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Máiría Cahill OR speaker:Paschal Donohoe OR speaker:James O'Connor OR speaker:Aindrias Moynihan OR speaker:Louise O'Reilly OR speaker:James Browne OR speaker:Fergus O'Dowd OR speaker:Mary Lou McDonald OR speaker:Jim O'Callaghan OR speaker:Sorca Clarke OR speaker:Cormac Devlin OR speaker:Imelda Munster OR speaker:Ciarán Cannon OR speaker:Bríd Smith OR speaker:John Brady OR speaker:Mairead Farrell OR speaker:Steven Matthews OR speaker:Patrick O'Donovan OR speaker:Mary Butler OR speaker:Niamh Smyth OR speaker:Seán Haughey OR speaker:Mattie McGrath OR speaker:Neale Richmond OR speaker:Dessie Ellis OR speaker:Eamon Ryan OR speaker:Hildegarde Naughton OR speaker:Cathal Crowe)

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: I understand the regulator looked into this in 2017 and I think four companies were identified as using that section 110. Am I correct?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: According to a press statement from 2017 that the regulator has on its website: The Charities Regulator has completed a review of registered charities holding shares in section 110 companies on trust. The purpose of the review was to establish the number of registered Irish charities holding shares in section 110 companies and to determine whether they fell within the remit of the...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: It would be fantastic if that could be brought to the committee. I am talking about three structures and obviously I am not aware of what three they were or anything like that, so I am not speaking about them. I am sure they are doing fabulous work. When the regulator is looking at those I assume it looks into the background of them, such as the way they are constituted and if there is a...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: That is good. I asked about that because over the last two and a half years there has been significant interest in the IFSC and IFSC-based shell companies that often use charitable trust ownership structures. Some of these firms have billions in assets. We know about some examples from research carried out by academics in Trinity College showing that Russian-connected funds funnelled...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Yes, in order to acquire status.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Okay, but from the regulator's press statement there was the suggestion there were three that were using section 110. Ms. Delaney may wish to come back on that. I am just asking these questions because it is something I have a long interest in and it has been in the public eye. The Department of Finance did a review of section 110 in its entirety in the last year. Did it at any point ask...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: Okay. On the back of this, I ask the regulator to come back to the committee with detail. It could look back to 2017 and see what the story is with those three structures and whether there have been any others. An Teachta Verona Murphy outlined the concern about the amount of staff the regulator has to look through 11,060 charities and whether it has enough funding to be able to look at...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: 2023.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: The regulator.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: It is €79,000. I had just assumed. At least the regulator has moved from having a deficit to a surplus. I raise the issue of Stewarts Care, which was investigated by the HSE. I am just wondering what role the Charities Regulator had and why there was no charity regulator involved in any investigation.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: At any point does Ms Delaney feel that she would like to have greater powers in that respect? Does Ms Delaney think it would be of benefit if the Charities Regulator had the funding and the resources put into it?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: That is fair. Following up from my colleague Deputy Brady's query about gathering data on CEO remuneration, obviously we see so many fantastic charities across this State that put huge work in, and so many people are constantly supporting it, but there have been times when people have had concerns about the remuneration of CEOs. That is something that has had quite a focus placed on it,...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

Mairead Farrell: I thank Ms Delaney. Just-----

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: I welcome all the witnesses. The Peter McVerry Trust is in the headlines for the wrong reasons, which has prompted a lot of questions that need to be answered around what merits the Charities Regulator getting involved to undertake investigative work. Under Part IV of the Charities Act 2009, the Charities Regulator has the power to appoint investigators to investigate the affairs of any...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: In how many instances has that happened? As the Peter McVerry Trust grew between 2011 and 2022, I understand that it took over nine separate charities. The trust’s remit is supposed to be housing and homelessness, but the purpose of one of those charities was the advancement of religion, which is not one of the trust’s charitable purposes. The trust is in receipt of...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: An approximate figure is okay.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: The reason I ask is there is a lot of grime on the window of the immigrant investor programme, IIP, which I am concerned about. Nobody is quite sure why it was shut down. A number of charities were involved in the process of obtaining it. There are multiple reasons - "issues occurred" and pressure from the European Commission and other aspects at an international level but looking at the...

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: Will Ms Delaney elaborate on that? She said it was not something the Charities Regulator was specifically looking at.

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: I want to be careful; I am not from a legal profession but I want to ask the question because it is relevant. Is Ms Delaney aware of many charitable bodies accountable to the Charities Regulator from an inspection point of view that left that structure and went into a company limited by guarantee structure or out of the charity structure to obtain funds from the IIP?

Public Accounts Committee: Financial Statements 2023 - Charities Regulatory Authority (17 Oct 2024)

James O'Connor: Ms Delaney is not aware of that.