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NAMA Debtor Agreements

Dáil Éireann Debate, Tuesday - 27 November 2012

Tuesday, 27 November 2012

Questions (222, 223)

Pearse Doherty

Question:

222. Deputy Pearse Doherty asked the Minister for Finance further to a report in a Sunday newspaper, if he will confirm the maximum salary approved by the National Asset Management Agency at Harcourt Developments is €200,000. [52446/12]

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Pearse Doherty

Question:

223. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the maximum annual remuneration approved by the National Asset Management Agency at any of its developers, inclusive of pension contribution, consultancy fees and allowances. [52447/12]

View answer

Written answers

I propose to take Questions Nos. 222 and 223 together.

I am advised by the National Asset Management Agency (NAMA) that information relating to its debtors and properties within their control is, within the meaning of Sections 99 and 202 of the NAMA Act 2009, confidential and that it is therefore precluded from discussing such matters.

As detailed in a response to the Deputy Gerry Adams (Ref No: 39693/12, 20th September 2012), NAMA has no agreements in place with debtor principals which authorise them to retain total remuneration in excess of €200,000 from their assets or businesses.

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