Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
In a previous version of this article, we incorrectly asserted that Deputy Michelle Mulherin had not properly registered rental properties with the Private Residential Tenancies Board (PRTB) and that she was in breach of regulations governing landlords. Furthermore, our article failed to acknowledge a statement from Deputy Mulherin that she is compliant in relation to landlord regulations. We apologise unreservedly to Deputy Mulherin for this error.
THE REGISTER OF Members’ Interests for 2014 has been published, allowing us a glimpse into the financial affairs of our public representatives.
All Oireachtas members are required to declare any occupation or income (other than being a politician), any company or charity directorships, and any shares, houses, apartments, or land worth more than €13,000 that they had during the previous year.
TheJournal.ie has been crunching the numbers and rifling through the ledgers of all 166 Dáil deputies, including Taoiseach Enda Kenny and the rest of the cabinet.
Here’s everything you could possibly want to know about what your TDs own and where they put their money, including an interactive map for every constituency in the country.
Sunnier climes
Seven TDs – six Fine Gael and one Labour – own property in some of the most desirable holiday locations in the world, according to this year’s register.
Along with 21 hectares of land and a house in Derraghan, Co Longford, Fine Gael deputy James Bannon declares an apartment in San Bartolomé de Tirajana, on Gran Canaria.
Waterford TD John Deasy rents out a spot on the Italian island of Sardinia, while Labour’s Meath East deputy Dominic Hannigan leases his place on Borga San Frediano in the Tuscan city of Florence.
Former Justice Minister Alan Shatter famously owns and rents out an extensive property portfolio in Dublin, London and in the Florida destinations of Naples and Marco Island, on the Gulf of Mexico.
As well as owning property in Athenry, Galway East TD Ciarán Cannon has a holiday home in the picturesque French commune of Banyuls-dels-Aspres, in the southern region of Languedoc-Roussilon.
Frank Feighan owns houses in Leitrim, Sligo, Roscommon, Dublin and according to his declaration, rents out an apartment at Madach Gardens (Goszdu Court) in the Hungarian capital of Budapest.
Party colleague and Cork North-West TD Áine Collins lists properties in Cork and Kerry, as well as leasing her apartment in the popular Algarve resort of Albufeira, on the southern tip of Portugal.
Setting aside the stock market (more on that below), a number of TDs, including cabinet members, are investing their money and resources outside the country.
On top of a fairly extensive insurance and property portfolio in Dublin, Ceann Comhairle Seán Barrett has shares in four separate companies, all based at the same address on Jersey in the Channel Islands.
Jobs Minister Richard Bruton owns shares in Arytza, the Swiss food company which traces its origins to the Irish Agricultural Wholesale Society in Dublin.
Minister for Transport Paschal Donohoe, meanwhile, has shares in Surrey-based consumer goods giant Proctor & Gamble, and party colleague Noel Harrington is invested in a German medical products manufacturer.
Civil engineer Dominic Hannigan is Executive Director of his company Transport Strategies Ltd., which is based in the Wood Green area of north London.
As well as owning shares in it, Hannigan lists himself as a consultant to Transport Strategies, whose headquarters he also owns.
On the opposition benches, former Fianna Fáil Defence Minister Willie O’Dea has a significant portfolio of investments in oil and mining concerns, including Union Jack Oil (Bath), Kaizen Discovery (Vancouver), and Dragon Oil (London).
The Limerick City deputy is also a non-executive director at Union Jack, and the London-based property investment company Formation Group Ltd.
Left-wing TDs don’t own much property
There is a marked difference in property ownership and financial investments across the parties.
An analysis by TheJournal.ie has found that Labour and Sinn Féin deputies own significantly less land, and far fewer homes and company shares than the other main parties and Independents.
Strikingly, every left-wing TD (from the Anti-Austerity Alliance, People Before Profit Alliance, Socialist Party, and United Left Alliance) returned entirely blank forms.
Likewise Séamus Healy, the Workers and Unemployed Action Group TD for Tipperary South, declared only a residence and office in Clonmel, and is on the board of six local voluntary groups.
The chart below uses a formula to adjust for party size, and shows Fianna Fáil and Fine Gael are evenly matched in terms of land ownership and company shares, although TDs from the governing party own a far higher proportion of houses and apartments.
As the chart shows, there’s a major drop-off in property and investments when it comes to Labour and Sinn Féin TDs – with the latter declaring not a single office, place of business or shareholding in 2014.
Furthermore, a far lower proportion of Labour and Sinn Féin deputies declared an interest of any kind: 19 out of 34 for Labour (56%) and 7 out of 14 for Sinn Féin, as compared to 84% among Fianna Fáil TDs.
It’s worth noting that TDs are not required to say exactly how much their property is worth, or how many shares they own in a given company, which would add to our understanding.
Nevertheless, you can check out the details of TheJournal.ie‘s analysis of differences between the major parties here.
To view interactive maps of TDs’ property and investments, follow the links below for whichever constituency interests you:
Carlow-Kilkenny – Cavan-Monaghan – Clare – Cork East – Cork North-Central – Cork North-West – Cork South-Central – Cork South-West – Donegal North-East – Donegal South-West – Dublin Central – Dublin Mid-West – Dublin North – Dublin North-Central – Dublin North-East – Dublin North-West (none) – Dublin South – Dublin South-Central – Dublin South-East – Dublin South-West – Dublin West (none) – Dún Laoghaire – Galway East – Galway West – Kerry North-West Limerick – Kerry South – Kildare North – Kildare South – Laois-Offaly – Limerick City – Limerick – Longford-Westmeath – Louth – Mayo – Meath East – Meath West – Roscommon-South Leitrim – Sligo-North Leitrim – Tipperary North – Tipperary South – Waterford – Wexford – Wicklow
To download a spreadsheet and filter by constituency, political party, and cabinet position, click here.
To read a PDF of the register of members interests, as published on the Oireachtas website, click here.
That’s where the money is…
When it comes to investing their own money, our TDs opt for shares in financial institutions – banking, insurance, and so on – far more than any other industry.
There are 30 instances of investment in the financial sector, especially Bank of Ireland, AIB and FBD Insurance.
That’s double the number for the second-most popular, stocks and bonds.
Beyond that, the food and agriculture industry sees seven TDs holding shares – three in the Kerry Group alone – six in manufacturing companies, and five for oil and mining, although Willie O’Dea makes up the totality of these investments.
Rolling the dice
One of the most striking features of the register is the wide variety of circumstances among our elected representatives.
As we noted earlier this month, Roscommon South-Leitrim by-election winner Michael Fitzmaurice revealed that he’s been “cutting turf for Bórd na Móna for a good few years,” and that the land he owns is not fit for development because it’s “out the country.”
Contrast this, however, with some of his colleagues’ complex international financial affairs.
There are four TDs who have some kind of investment in stocks and bonds throughout the world.
Fine Gael TD for Waterford, Paudie Coffey owns Irish state prize bonds, and Willie O’Dea has government commercial bonds managed by Merrion Capital in Dublin and Dolmen Ltd. in Limerick city.
The two big stock market players in the chamber, however, are Finance Minister Michael Noonan and Independent TD Shane Ross.
Noonan does a good bit of business on Wall Street and the London Stock Exchange and, as noted by the Sunday Independent, has dropped some of his European shares in exchange for that perennial safe bet – gold.
Since last year, he has also invested in Portugese government bonds.
Perhaps not surprisingly for a former stockbroker, Dublin South TD Shane Ross has an extensive portfolio including US Treasury bills, German government bonds, and shares in a Scottish investment trust.
The Independent deputy is non-executive director of the Baring Hedge Select Fund in the Cayman Islands as well as the Baring Russia Fund in Luxembourg, and is non-executive chairman of the Henderson Value Trust in Edinburgh.
Dáil Eireann isn’t exactly a bling ring
Holding companies in the Channel Islands and holiday homes in the south of France are all very eye-catching, of course, but overall, our TDs do not report outrageous assets.
Some 42 deputies (just over a quarter) returned entirely blank forms, and a further 34 declared just one house, apartment or piece of land.
Roughly-speaking, this means around half of deputies have quite modest property ownership and investments, although the €87,000 salary afforded them (though not accepted by all), puts this in perspective.
All TDs from two constituencies – Dublin West and Dublin North-West – declared no interests whatsoever.
To embed this post, copy the code below on your site
Bout time really. You can a have a drink when you arrive.
@DaisyMay:
It’s a shame that this ban had to happen at all. One of the pleasures of going to the continent is being able to grab a cold bottle of beer from the subway in, say, Berlin, and sipping it on the choo choo at the start of your night out.
Boozing in public CAN be a relatively innocent, joyous, totally acceptable thing. It’s a shame it doesn’t seem to work with our mentality. Often sipped a can on the way into town for a night out and saw nothing wrong with it.
@DaisyMay: If they introduce a ban before a certain time at Dublin airport that will be just not on. Allow people get a pint, if you are close to or intoxicated at boarding,you should be refused travel. But dont be a dullard asking for bans to deal with a minority of winos.
And who’s going to enforce it? There’s barely any staff other than the driver on most trains.
@Shane Fleming: Intercity trains more often than not have a ticket inspector on board.
@Shane Corry: very seldom
@Shane Corry: who’s going train and to bring his karate up to black belt level enabling him to deal with drunken gurriers?
@Shane Fleming: I know, enforce a drinking ban? They won’t even enforce a seat booking.
@Andy Butler: Unlikely but they can call for security / Gardai to be waiting for them when they get off / another station. That’s what the drivers do when they get a call through the intercom about mis-behaved passengers.
@Shane Fleming: They will be bound to enforce it. Complaints from public followed by, eventually, irish rail making this decision.
They can’t back off from having extra staff/security on the specified trains.
Drinks brought on board will be confiscated. Best of luck.
Should be banned on all trains!
Oh Irish Rail, this shows another way that you are so far behind any real decent service in Europe.
Whilst I dont like poor behaviour from passengers when I’m on one of your trains, and feel that is a problem if not dealt with properly, I also must point out that the majority of passengers are behaved and act responsibly.
Why are the rest of us decent passengers punished for a minority.
Why not just deal with the unruly passengers, call the Gardai and have them met the train at the next station, the Gardai can remove these passengers and that takes care of that.
If this happens, people will know to behave. We all have to respect Irish Rail, its passengers and show a level of mature/decent behaviour. If this was to take place, no more drunken/unruly passengers.
I appreciate the Gardai are lacking in numbers, but this adds to the wider problem of not having a decent Police force to act on such matters.
How would Germany, France, Hungary, Portugal, Slovenia deal with this issue? They would get their respective Police force to take care of it, thus leaving the rest of the passengers free to carry on their journey and if they so wished to have a drink.
Common sense is not so common in Ireland, we are way behind lots of countries in Europe, instead of dealing with the problems we face, we take the easiest and less fuss way.
Irish Rail show some balls and deal with this properly and stop hiding behind your failure to deliver a service and treat the majority with more respect and not punish everyone.
@Si Mon: Couldn’t agree with you more. The majority being punished because of the actions of our neanderthal population. Easier to make sweeping laws that affect everyone rather than deal with the issue at hand.
@Si Mon: there will more often than not people out of order with drink on them on trains and waiting at stations for garda to arrive causes massive delays….then you’d be giving out about trains running late
Ban the carrying of alcohol onto all trains and only allow drink purchases on board the train, would solve the problems. Why do Irish people have to drink at every occasion and trip ?
@finbarr walsh: nearly spilt my pint reading that comment!
@Roger Wynne: what train are you on then haha…
@finbarr walsh: The don’t have to, but it would be nice before travelling for a weekend away to have a glass of wine or a bottle of beer on the, up to 3 hour long, trip. Rather than addressing the problem (yobbish behaviour being repremanded, and possible arrests if anti-social), we try to ban it altogether and ruin it for everyone.
@finbarr walsh: They charge about €6 for a bottle of beer that is €1 in the off licence.
Saw the headline and thought to myself that’ll be Galway and Westport trains. Stag and hen parties gonna party one way or the other. Good luck enforcing
Well, I suppose that you might need alcohol to make a trip to Waterford
@George Salter: Why? From what I’ve seen the town is pretty nice. The county is lovely. Lots of great restaurants too.
@George Salter: I’ve heard Whispers about the locals there, there’s always some crazy story
Love it when people feel they must introduce bans because of the behaviour of a few dopes.
It should be banned on all trains. One Friday on the 18.35 to Waterford I had the pleasure of sitting beside someone reeking of drink. He was swinging from cans and doing dodgy things with the lower right leg of his tracksuit bottom. I am not saying he was shooting up but nothing surprises me on packed trains. Also I have seen crumpled up foil with burn marks in toilets of trains.
@Em Gee: Just remember with this ban doesn’t apply to this train, only the earlier one with no commuters and grannys on it.
btw: they can still shoot up without repremand after this as well, but at least the old ones returning to westport on a friday afternoon won’t have to deal with it.
@Em Gee: SO ban it for everyone because you had one bad experience.. brilliant idea.
Going to be lots more people drinking bottles of ‘coke’
@RogerRamjet: was just going to say that. If you have to resort to finding ways to hide your alcohol, it’s time to seriously look at your relationship with it.
@FrustratedASDMum: thanks Dr Phil
can we get a ban of alcohol on the Connolly to Rosslare trains too?
They should be more concerned about the lack of seats on them journeys then the sale of alcohol.
I like that I got a Smithwicks ad in the middle of this article.
Good luck with that “Boss”. We will continue to drink and smoke as we have always done. It’s a cultural thing.
So the usual Nanny state BS then. A few people display anti social behaviour where alcohol is involved so the majority of responsible adults are punished.
Meanwhile, those that are likely to be anti-social will pay no heed to the ban anyway.
When will people learn that you can’t legislate for stupidity.
I actually heard about calls for banning selfies in tourist hotspots because a few of Darwin’s finest injure or kill themselves while taking them.
They should add a PARTY carraige where you can drink but have to agree to the whole carraige being filmed and mic’d up… would pay for itself in no time
Another example of the rules of society being dictated by plebs. A small minority always ruin it for everyone.
And not before time, nobody wants to be in a confined space near noisy or aggressive people sipping cans of cheap lager.
Easy solution maybe: Arrange for an unscheduled stop at some backwater station on the rail line to which Gardaí can be called to, have them remove the irresponsible yahoos off the train, charge them for drink/drug/public disorder. Release them, leaving them to find their way home from the middle of nowhere at their own expense. Later on, call them back to court attendance in the backwater location. Fine them heavily. Lesson learned and pricey-paid for, no problemo.
@Canny Jem: I agree a hundred percent.. I sometimes enjoy a couple of cans of Guinness when on a 3 hour journey.. usually on my own with earphones in reading a book or magazine.. Again .. it typical Ireland not dealing with the problem at hand … the problem is anti social behaviour.. banning alcohol is not the answer . It’s dealing with people who don’t behave themselves in public.. not just trains ..
Pretty sure they can’t confiscate it if you’re just holding a bag of unopened cans or a bottle of wine for dinner, any experts confirm or deny this?
Alcohol was allowed??!
@Rachel Ray: they sell cans and wine on board
Most alcos on the trains bring their own drink and yes it is a problem but seriously what about the toilets . They are always filthy dirty .
Typical Jackeens
have your say