Dáil Éireann Debate, Tuesday - 7 December 2004
163 Mr. Connolly asked the Minister for Finance the amount of money transferred in surplus dormant funds from financial institutions in County Monaghan to the dormant accounts fund for disbursement by the Dormant Accounts Fund Disbursement Board; and if he will make a statement on the matter. [32096/04]
View answer164 Mr. Connolly asked the Minister for Finance the amount of money transferred in surplus dormant funds from financial institutions in County Cavan to the dormant accounts fund for disbursement by the Dormant Accounts Fund Disbursement Board; and if he will make a statement on the matter. [32097/04]
View answerI propose to take Questions Nos. 163 and 164 together.
I regret to inform the Deputy that I cannot provide the information he requested. Under the Dormant Accounts Act 2001 and the Unclaimed Life Assurance Act 2003, credit institutions and insurance undertakings are required, each April, to transfer to the National Treasury Management Agency, all moneys falling dormant in the previous year. Each credit institution and insurance undertaking is also required under the legislation to keep a register of their dormant accounts or policies. However, there is no legal requirement or business reason for them to compile a breakdown on a county by county basis from the registers.
