You’re paying for the NPSRA – to do SFA!

Related to my post below, one or two other points to add about the National Property Services Regulatory Authority (NPSRA).

The new useless regulator has:

  • An office in Navan in Meath
  • A Chief Executive Designate
  • A staff of up to 5 people (I believe)
  • A budget of €0.5m (or €1m according to here)

The new useless regulator does not have:

  • Any power whatsoever to do absolutely anything

 

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4 Responses to “You’re paying for the NPSRA – to do SFA!”

  1. Serial February 14, 2008 at 21:35 #

    WOuld you prefer that they wait until the relevant legislation is passed before starting the recruitment process? That will ensure a 6-9 month delay in having operational staff on the ground. At least we know that once the legislation is passed, the staff can hit the ground running.

  2. Value Ireland February 15, 2008 at 09:35 #

    Hi serial,

    As per the text in my previous post on the NPSRA, I would prefer that those behind setting up the new regulator actually study the problem properly and realise that there’s actually no need for this regulator at all.

    More to follow on this next week.

    Diarmuid

  3. Darwin February 16, 2008 at 13:56 #

    Aren’t they empowered to revoke licenses on foot of complaints? Just asking.

  4. Value Ireland February 20, 2008 at 21:33 #

    Nope Darwin, they’ve no powers at all. I think the requirement is to have management agents licenced in the future, and thereby overseen by this NPSRA. In future they may have that power, but not at the moment.

    Diarmuid
    Value Ireland

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