I raise the need for increased oversight and accountability with regard to owners' management companies, OMCs. It is an issue in my constituency where we have larger estates that are delivered on a phased basis. Parts of the developments are occupied while other parts are still under construction. The developer of the estate can retain control of the OMC for extended periods, which is against the spirit in which OMCs are set up. In addition, the current model allows for a voluntary resident director to take on significant legal and fiduciary responsibilities. That can cause difficulties regarding transparency of who sits on the board and in terms of understanding decision-making process. Under the programme for Government, we have committed to transferring regulation of the OMCs and the Multi-Unit Developments Act to the Department of Housing, Local Government and Heritage. Will the Tánaiste provide an update on when that transfer will take place? Are there any plans to review the MUD Act 2011, to create regulations providing for the establishment of a register for OMCs and their directors, to increase accountability and transparency relating to them, to support the residents who live in these areas, to make sure they understand decision-making processes in their developments, to honour the spirit of the legislation and to truly make these companies into owners' management companies?

Sentiment score: 0.19