National Treasury Management Agency (Miscellaneous Provisions) Bill 2026: Report Stage Dail Éireann — 2026-06-24 ============================================================ Robert Troy (FF), Longford-Westmeath I will respond to the amendment that was put down, which is relates to the transfer of staff, not one individual staff member. I thank Deputy Doherty for bringing forward this amendment which proposes to amend the legislation to require us reporting on staff from NAMA to the NTMA, including salary information. As outlined on Committee Stage, the legislation does not include any provisions relating to the transfer of staff from NAMA to the NTMA. The general scheme of the Bill, published in 2024, had included a standard provision to provide for the transfer of staff, reflecting precedents in other similar legislation. However, following further engagement with NAMA and the NTMA, it became clear that no statutory mechanism is necessary in this case. This is because NAMA does not employ staff in its own right. All individuals working in NAMA have always have been employees of the NTMA assigned to perform NAMA functions. Accordingly, there is no transfer of employment arising from the dissolution of NAMA and therefore the premise of the transfer of staff does not arise in fact or in law. In practical terms, a small number of staff will be assigned to a dedicated unit within the NTMA to manage the limited residual work that will remain following NAMA's dissolution. This is not a new statutory structure but a functional unit operating within the NTMA's existing operational governance and resourcing framework. The roles within the unit are aligned with the completion of the residual work and the work itself is simply being integrated into the ongoing operations of the NTMA. When operational, the unit's eight staff are expected to comprise a head of unit, two finance professionals, two operational professionals, two better case managers and one legal professional. The head of the unit will report to the NTMA's chief financial and operating officer and the unit will be supported by the NTMA's wider operational platform including IT, compliance, human resources and facilities. No additional stand-alone corporate infrastructure is required. It is also important to recognise the broader organisational context. The NTMA is a large established State body with approximately 688 employees at the end of 2025, excluding those assigned to NAMA. While the dissolution of NAMA is a significant step reflecting the fact that it has largely concluded its operational work, the assignment of a small number of staff to a specific function within the NTMA is an internal organisational matter. While the Deputy does not specifically refer to the position of chief executive officer in his amendment, he does in his contribution. I again note that this role will cease on the dissolution of NAMA as the legislative basis for the position is repealed. The current CEO has been a permanent employee of the NTMA operating in a senior executive role before NAMA's establishment. He will transition within the organisation under his existing contractual framework. This does not involve a new appointment but reflects the normal reassignment of an NTMA employee following organisational change. As with all NTMA staff, matters relating to assignments, roles and individual contractual terms are managed within the agency. Neither the Tánaiste, as Minister for Finance, or I have any role in such arrangements. Turning to the remuneration, the NTMA operates within an established statutory and governance framework. It complies fully with the code of practise for the governance of State bodies and provides transparency through its annual report, including the publication of employee remuneration in bands of €25,000, beginning with those earning in excess of €50,000. This ensures appropriate public accountability at an aggregate level. It would not be appropriate to publish salary information relating to individual employees. Such information constitutes personal data and is subject to contractual confidentiality and data protection requirements. Staff assigned to the resolution unit will be captured within the existing NTMA reporting arrangements in the same manner as staff across all other functional areas of the NTMA. More broadly, the NTMA is an established State body with its own statutory functions, governance structures and accountability arrangements. Decisions related to staffing, organisational structure and the allocation of roles within the agency are matters for the NTMA itself operating within that framework. In that context, the additional reporting requirements proposed in this amendment are neither necessary nor proportionate. The amendment is predicated on a transfer of staff that does not arise as all NAMA staff are employed by the NTMA and there is no transfer of staff under the legislation. The information sought is also already either publicly available at an appropriate level of aggregation or relates to matters that are governed within NTMA's existing oversight and confidentiality framework. For these reasons, I am not in the position to accept the amendment. --- Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted. Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-06-24/debate/main Retrieved: 2026-08-14T04:55:06+00:00 Sitting date: 2026-06-24