The Property Services Regulatory Authority (PSRA) was formally established on 3 April 2012, pursuant to the provisions of the Property Services (Regulation) Act 2011. Details of the income and expenditure figures of the Authority per annum for the categories requested by the Deputy are set out in the following table. The Property Services Compensation Fund, which exists in order to compensate clients for losses arising from the dishonesty of property service providers, at present has a balance of approximately €2.8 million. No grants have been paid to date from the Compensation Fund.
Table: Income and Expenditure of the Property Services Regulatory Authority
|
Year
|
Licence Fee Income
|
Staffing Costs
|
Operational Costs
|
Board Members' Fees
|
Compensation Fund
Income
|
Compensation Fund
Expenditure
|
|
2012
|
€2,349,000
|
€449,000
|
€75,000
|
€38,000
|
€168,000
|
€0
|
|
2013
|
€2,107,000
|
€664,000
|
€146,000
|
€51,000
|
€903,000
|
€0
|
|
2014
|
€2,206,000
|
€974,000
|
€228,000
|
€51,000
|
€554,000
|
€0
|
|
2015
|
€2,241,000
|
€958,000
|
€279,000
|
€51,000
|
€564,000
|
€0
|
|
2016
|
€2,331,000
|
€1,032,000
|
€629,000
|
€29,000
|
€580,000
|
€0
|
|
|
|
|
|
|
|
|
|
Total (2012-2016)
|
€11,234,000
|
€4,077,000
|
€1,357,000
|
€220,000
|
€2,769,000
|
€0
|
