National Treasury Management Agency (Miscellaneous Provisions) Bill 2026: Second Stage
Dail Éireann — 2026-05-20
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Conor D. McGuinness (SF), Waterford

Sinn Féin will not oppose this legislation progressing to the next Stage. We support the orderly winding down of NAMA and the completion of the IBRC process, but we have serious concerns about accountability, governance and the extraordinary salaries that will be paid, which are utterly out of kilter with public sector norms. Sinn Féin will bring forward amendments on Committee Stage to address those concerns.
Before we close the book on NAMA as a State, a people and a Government, serious questions have to be answered. Under the Government's plans, the CEO of NAMA, Brendan McDonagh, appears set to transfer into the NTMA on the same terms and conditions he currently enjoys. We are talking about a salary of approximately €430,000 per year. That places him among the top 0.1% of earners in the State. It is more than €100,000 higher than the salary of the Governor of the Central Bank. Last year, the Government even attempted to appoint this same individual as a so-called housing tsar, effectively sidelining the Minister for housing, before backing down under sustained pressure from this side of the House. Therefore, the public is entitled to ask whether there are any lengths to which the Government will not go to protect Mr. McDonagh's extraordinary salary package. The Government continues to bend over backwards to protect the NAMA CEO's salary of €430,000 per year. Last year-----

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-20/debate/main
Retrieved: 2026-09-28T05:50:47+00:00
Sitting date: 2026-05-20