Results 701-720 of 1,160,817 for in 'Dáil debates' OR (speaker:John Carty OR speaker:Roderic O'Gorman OR speaker:Kieran O'Donnell OR speaker:Seán Fleming OR speaker:Mary Lou McDonald OR speaker:Darren O'Rourke OR speaker:Martin Heydon OR speaker:Francis Noel Duffy OR speaker:Imelda Munster OR speaker:Matt Shanahan OR speaker:Ivana Bacik OR speaker:Jennifer Whitmore OR speaker:Ossian Smyth OR speaker:Michael Healy-Rae OR speaker:Jackie Cahill OR speaker:Simon Harris OR speaker:Pádraig Mac Lochlainn OR speaker:Charlie McConalogue OR speaker:Niall Collins OR speaker:David Stanton OR speaker:Helen McEntee OR speaker:Verona Murphy OR speaker:Gino Kenny OR speaker:Claire Kerrane OR speaker:Pádraig O'Sullivan OR speaker:Louise O'Reilly OR speaker:Denise Mitchell OR speaker:Jim O'Callaghan OR speaker:Pat Buckley OR speaker:Mairead Farrell OR speaker:Cormac Devlin OR speaker:Gerald Nash OR speaker:Martin Browne OR speaker:Catherine Murphy OR speaker:Robert Troy OR speaker:Aindrias Moynihan) in 'Committee meetings'

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: I will finish with this but, leaving it at €15 million, it is counterproductive not to resource the regulator when we are providing money and where we can see it is not being spent accordingly. I take it the regulator's investigation into the Peter McVerry Trust is not yet complete.

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)

Catherine Murphy: The Deputy's time is up.

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

Catherine Murphy: Does Ms Delaney want to respond?

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

Catherine Murphy: I understand exactly where Deputy McAuliffe was going. He focused on the ones with very few resources. What is the profile of the ones that are at the very top? What percentage has significant resources?

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

Catherine Murphy: What kind of organisations are they?

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

Catherine Murphy: Ms Delaney might just give us a list.

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

Catherine Murphy: That is fine. Deputy Farrell is next.

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: 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...