Dáil Éireann Debate, Thursday - 27 February 2014
86. Deputy Lucinda Creighton asked the Minister for Finance further to the statement read on his behalf if he will confirm that amending section 172 of the National Asset Management Agency Act is one of the areas being examined as part of the review of NAMA being carried out by his Department; and if he will make a statement on the matter. [10319/14]
View answerAs I outlined in Question No. 46 on the 22nd of January 2014, Section 227 of the NAMA Act 2009 requires me to complete a review of NAMA every 5 years. The purpose of the review is to assess the extent to which NAMA has made progress toward achieving its overall objectives, and decide whether continuation of NAMA is necessary having regard to the purposes of the Act.
As part of this review my officials will examine sections of the NAMA Act which impact NAMA's overall objectives. However as stated in the Seanad Debate of the 21st of January, the Government does not see the requirement for a change to the legislation at this time.
