Results 1-20 of 27 for revert speaker:Michael D'Arcy

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Cost of Insurance Working Group: Minister of State at the Department of Finance (13 Jun 2019)

Michael D'Arcy: I do not have the answer to that. I will revert to the Deputy.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Central Bank (National Claims Information Database) Bill 2018: Committee Stage (29 Nov 2018)

Michael D'Arcy: Yes. Effectively, it will revert to 2008 data to be calculated for the establishment of this structure.

Financial Resolution No. 2: Capital Gains Tax (9 Oct 2018)

Michael D'Arcy: ...or exploitation assets and to exploration or exploitation rights.(6)This section shall not apply to an asset—(a)which relates to the financing of securities, (b)which is given as security for a debt, or (c)where the transfer takes place in order to meet prudential capital requirements or for liquidity purposes, where the asset is due to revert to the permanent establishment or the...

Insurance (Amendment) Bill 2018: Committee and Remaining Stages (12 Jul 2018)

Michael D'Arcy: At that stage our expectation is that when the fund reaches €150 million, the levy will be reduced to 1% and take the fund to €200 million. The rate will revert to zero at that point because €200 million is the appropriate figure for the fund. In the review of the framework for motor insurance in Ireland, it was recommended that the 35% payment from industry be made via...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Update on Insurance Matters and Implementation of the Report on the Cost of Motor Insurance: Discussion (29 May 2018)

Michael D'Arcy: ...proactive in tackling fraud by fighting dubious claims, putting more resources into detection, building up a strong evidence basis and following up cases with the Garda at regular intervals. This reverts back to some of the insurance companies that settle too quickly and easily against the wishes of the insured person. However, as is always the case, it is for the insurance company to...

Seanad: Finance Bill 2017: Committee Stage (Resumed) (6 Dec 2017)

Michael D'Arcy: ...in the context of the budget, including the economic costs and benefits and the additional revenue that could be raised by bringing the rate back to 13.5%. Revenue's most recent estimate is that reverting to the 13.5% rate would bring in an additional €491 million. A 1% increase would yield €109 million. The estimated cost to the Exchequer of the reduced 9% VAT rate since...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2017: Committee Stage (Resumed) (9 Nov 2017)

Michael D'Arcy: ...in the context of the budget, including the costs and economic benefits and the additional revenue that could be raised by bringing the rate back to 13.5%. Revenue's most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would bring in extra revenue of €491 million. A 1% increase or decrease would yield or cost €109 million. The estimated cost...

Tracker Mortgages: Motion [Private Members] (25 Oct 2017)

Michael D'Arcy: ...the tracker investigation. Since 2010 the Central Bank has been dealing with mortgage lenders on tracker mortgage-related issues. The Central Bank had identified and pursued issues in relation to transparency with specific lenders regarding their borrowers who opted to switch from a tracker rate or who had a right to revert to a tracker rate after the end of a period where their mortgage...

Seanad: Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages (20 Jul 2017)

Michael D'Arcy: ...is party to the rotation agreement. However, the timing of our appointment of a director or alternate director will not be clear until after we are full members. If the amendment is passed, we will have to revert to Dáil Éireann. Obviously, the Dáil is in recess so that cannot happen until September. Equally, it is important to inform the House that if the amendment is...

Financial Services and Pensions Ombudsman Bill 2017: Report and Final Stages (14 Jul 2017)

Michael D'Arcy: ...is now close to 60%. I am keen to encourage such improvements in the levels of mediation. For this reason, and for the avoidance of any doubt about the support for mediation as a conflict resolution tool, I am reverting to the original text on mediation in the existing legislation, which obliges the ombudsman to try to resolve a complaint by mediation as far as possible. The previous...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector: Quarterly Engagement with Central Bank of Ireland (4 Apr 2017)

Michael D'Arcy: May I revert to trackers? When institutions are no longer trading, liquidators may be appointed. Does the legislation in respect of liquidators have a different impact on those institutions that are trading? Are they able to hide behind legislation that does not give their clients the opportunity to have full redress?

Topical Issue Debate: IDA Funding (22 Feb 2017)

Michael D'Arcy: ...to the northern perimeter of the region to try to get jobs out of the greater Dublin area, for example, back-office jobs. However, to my very great disappointment, I was then told the funding would revert back to Waterford for the next expenditure from that fund for the south-east region. This is just not acceptable. It means that funding has gone to the four-seat constituency of...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)

Michael D'Arcy: ...For any company that is over the €3.5 million threshold, its only recourse is to a court of law. It does not have the faster prospect of the Financial Services Ombudsman. When can the witnesses revert to us and when can they bring this policy proposal to their board?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Single Resolution Board (Loan Facility Agreement) Bill 2016: Committee Stage (7 Jul 2016)

Michael D'Arcy: It would be helpful if the Minister of State reverted to us on the matter on Report Stage.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Michael D'Arcy: ...you: were you satisfied with the change? And did you have any impact when you entered, when you joined the organisation, for those changes to continue changing? Did you do anything to try and revert back to the more conservative method of lending?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Michael D'Arcy: ..., was you were coming in at a very high level, with substantial experience behind you, and you had seen the market growth and I'm asking did you request any changes to the conservative ... or to revert back to conservative lending approach?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Michael D'Arcy: I can just revert back to your clients of Quinlan Private. What is the structure? Is there a charging structure to become a client or do they invest in particular products?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Michael D'Arcy: Okay. And then just to revert back to my question previously, Mr. McNally, in relation to transactional taxes which, in 1987, were a total tax take of 8%. That increased up to 30% in 2006; you said corporation tax was a portion of that. Did the Department highlight that concern, that issue, to the Minister over those number of years because it wasn't just-----

Seanad: Finance Bill 2014: Second Stage (4 Dec 2014)

Michael D'Arcy: ...is what has to be done. On the motor tax issue, approximately 60% of motor tax is paid online per quarter. I have a difficulty with the cost of motor tax on a quarterly basis being more expensive than the annual cost if met by single payment. I would ask that the Minister revert to the House on the cost of this to consumers countrywide. I am clear on what I believe should happen,...

Seanad: Budget 2015: Statements (14 Oct 2014)

Michael D'Arcy: ...in Seanad Éireann. Every budget is about choices, and sometimes the choices are difficult. We were hopeful that the most difficult choices would have been made and that we will never have to revert to those choices and the boom and bust politics of the past because that is the reason so many people throughout the length and breadth of this country experienced personal catastrophes....