Regulatory Bodies
Seanad Éireann — 2024-06-25
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Mary Seery Kearney (FG), Nominated by the Taoiseach

The Minister of State is just the messenger but that is a wholly inadequate answe that does not reflect the lived experience. These are voluntary people on an OMC, people who live in apartments they have been told have defects and some of them got bills for €64,000. There are owner-management companies that are in bed with the suppliers and getting backhanders. All sorts of stuff is going on. They have inflated tendering processes and inadequate procurement processes. They are charging levies to owners and applying interest to those levies and who is benefiting from that? In many cases the original builder, who developed the development with all of these issues in hand, has a controlling interest in the owner-management company. The idea that the MUDs Act is deemed to be appropriate is way off the lived experience of people around the country. That is a wholly inadequate answer and I will finish on this: The fact is we are looking for a statutory regulator, not a non-statutory regulator. Everything that has happened was foreseeable and was warned by people like Sam and Odette Doran, so there is no excuse for the delay.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2024-06-25/debate/main
Retrieved: 2026-08-14T04:53:06+00:00
Sitting date: 2024-06-25