The Minister for Finance, Mr Brian Lenihan, T.D. has issued a statement on the recent publication of the National Asset Management Agency (NAMA) Bill, in which he discusses various aspects of the bill including changes since the draft Bill was published in July, such as provisions relating to:
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Risk Sharing;
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Developers & the Market for Development Land;
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Criminal Offence to Lobby NAMA;
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Transparency & Accountability;
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Taxation of Windfall Gains on Rezoned Land;
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The Flow of Credit to the Economy;
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Corporate Governance Reforms.
The full statement can be accessed via the following link. The Bill and the explanatory memorandum are available on the Oireachtas website.