Results 621-640 of 1,121,690 for in 'Dáil debates' OR (speaker:Peter Burke OR speaker:Damien English OR speaker:Simon Coveney OR speaker:Darren O'Rourke OR speaker:Michael Fitzmaurice OR speaker:Cathal Berry OR speaker:Alan Dillon OR speaker:Niamh Smyth OR speaker:Róisín Shortall OR speaker:David Stanton OR speaker:James Lawless OR speaker:Simon Harris OR speaker:Mary Butler OR speaker:Kieran O'Donnell OR speaker:James Browne OR speaker:Jennifer Whitmore OR speaker:Michael Lowry OR speaker:Danny Healy-Rae OR speaker:Denis Naughten OR speaker:Charlie McConalogue OR speaker:Mary Lou McDonald OR speaker:Johnny Mythen OR speaker:Mairead Farrell OR speaker:Verona Murphy OR speaker:Jennifer Carroll MacNeill OR speaker:Emer Higgins OR speaker:John Brady OR speaker:Marc Ó Cathasaigh) in 'Committee meetings'

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

Verona Murphy: The whole issue with debt warehousing and such ran into €8 million. That is just one charity. Ms Delaney told us the Charities Regulator's resourcing from the Government is €5 million per year. Ms Delaney probably has an opinion that she may or may not be able to share but if that is just one charity, the Charities Regulator is very under-resourced from a confidence and...

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

Verona Murphy: How much of that was to go towards salaries?

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

Verona Murphy: It was only for salaries.

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

Verona Murphy: Is it fair to say that the Government gave €30 million odd to bail out the Peter McVerry Trust? I ask the Comptroller and Auditor General's office if that is where we ended up.

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

Verona Murphy: We look forward to having the regulator back on that basis. I thank Ms Delaney.

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

Mairead Farrell: Gabhaim buíochas leis an Leas-Chathaoirleach agus leis na finnéithe as teacht os comhair an choiste. In the briefing pack it is mentioned that the Charities Regulator is responsible for the registration and regulation of charities in Ireland. Can I take it that the regulator grants charitable trust ownership structures to companies here as well? In other words, they must apply to...

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

Mairead Farrell: All right. Under the 2009 Act, the regulator is required to ensure and monitor compliance by charitable organisations and to carry out investigations in accordance with the Act. Does that apply to all companies with a charitable ownership structure?

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

Mairead Farrell: Does this include the type of structures that are traded within the IFSC?

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

Mairead Farrell: Why is that?

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

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

Marc Ó Cathasaigh: To pick up on Ms Delaney's final point, it highlights the importance of the Charities Regulator and its role. When people donate to a charity, they understand that there are administrative costs and staffing costs but they like to think that the money, or a large percentage of it, is doing what it says on the tin. The Charities Regulator is incredibly important in that. We have had a...