Restrictions placed on staff leaving NTMA

Finance Minister Michael Noonan says the National Treasury Management Agency is extending notice periods and placing restrictions on some departing staff to prevent the potential leaking of confidential information.

“The NTMA is implementing a number of changes to its employment contracts, including the introduction of longer notice periods of three to six months — up from one to three months — for middle and senior management employees,” Mr Noonan said in a written response to a parliamentary question, dated Sept 26.

It will put “garden leave” clauses in all new contracts, he said.