Results 661-680 of 1,150,943 for in 'Dáil debates' OR in 'Committee meetings' (speaker:George Lee OR speaker:Roderic O'Gorman OR speaker:Martin Kenny OR speaker:Brendan Griffin OR speaker:Colm Burke OR speaker:Peadar Tóibín OR speaker:Mary Lou McDonald OR speaker:Jim O'Callaghan OR speaker:Paul Donnelly OR speaker:Patricia Ryan OR speaker:Michael Healy-Rae OR speaker:Michael Ring OR speaker:Paul Murphy OR speaker:Matt Carthy OR speaker:Seán Haughey OR speaker:Colm Brophy OR speaker:Michael Creed OR speaker:Jackie Cahill OR speaker:Thomas Gould OR speaker:Steven Matthews OR speaker:Pa Daly OR speaker:Ivana Bacik OR speaker:Catherine Murphy OR speaker:Mairead Farrell OR speaker:Cormac Devlin OR speaker:John Lahart OR speaker:Hildegarde Naughton OR speaker:Thomas Pringle OR speaker:Jennifer Whitmore OR speaker:Norma Foley OR speaker:John McGuinness OR speaker:Sorca Clarke OR speaker:Michael McGrath OR speaker:David Cullinane)

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)

Catherine Murphy: Thank you. Your time is up, Deputy. There will be time for a second round. I call Deputy Ó Cathasaigh.

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

Catherine Murphy: I thank Ms Delaney for answering. It was a very big question that took up two minutes.I have no doubt we will come back to this matter, including for the benefit of myself. I suggest that Deputy O'Connor makes his contribution before we take a break.

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

Catherine Murphy: I hope the Deputy reported it.

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

Catherine Murphy: Yes. We will take a ten-minute break. The meeting is suspended.

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

Catherine Murphy: I welcome the witnesses back. I want to go back to the issue Deputy Ó Cathasaigh raised regarding approved housing bodies. I appreciate that some predate by a considerable distance the existence of the Charities Regulator. I have serious concerns about the asset base of properties for which the mortgage is paid off and that are now unencumbered. A couple of years ago, the Department...

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

Catherine Murphy: The Charities Regulator is doing a piece of work with the Approved Housing Bodies Regulatory Authority. What is that work?

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

Catherine Murphy: My attention was drawn to it when someone who was on the board of a small approved housing body was talking about their portfolio of properties. I was absolutely shocked by that. That is what prompted me to start asking questions about this. In theory, an organisation could change its constitution, but there are protections.