Defective Building Materials
Seanad Éireann — 2021-06-22
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Niall Blaney (FF), Agricultural Panel

I will put on record how we can get the current scheme up to 100% redress. There are seven issues involved. The first relates to insurance companies. In the past, insurance companies have been asked by the Government to give lump sums towards redress in the area of health. We are asking the Government to contact the insurance companies and ask them to give a lump sum over the next ten to 20 years, or whatever is necessary, towards making up that 10%. Similarly, Home Bond could make that contribution over the next ten to 20 years, as could Banking and Payments Federation Ireland, with which I, Deputy Calleary and the Minister for Agriculture, Food and the Marine, Deputy McConalogue, met a few weeks ago. It is much easier to do that over a ten or 20-year period than pay a lump sum.
The fourth issue is VAT. The Minister could look at a VAT exemption for the necessary materials, which would not cost the Government anything. Fifth, the Sustainable Energy Authority of Ireland should give out grants towards insulation. Sixth, the Government should provide a ten-year bond or guarantee. I would like to talk to the Minister more about that.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2021-06-22/debate/main
Retrieved: 2026-08-14T04:49:25+00:00
Sitting date: 2021-06-22