Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I want to raise two issues. One concerns secondary legislation and the other, primary legislation. On the former, section 20(6) of the Finance (Local Property Tax) Act 2012 states the Minister for the Environment, Community and Local Government can issue regulations pertaining to the local adjustment factor, the power of local authorities to vary the local property tax upwards or downwards in the order of 15%. The Minister has indicated he intends to issue such regulations. As one knows, local authorities must notify the Revenue Commissioners by the end of September if they intend to vary local property tax rates. When will the regulations be published by the Minister?

We have learned today that permanent tsb is to sell approximately €2.6 billion worth of its non-core loan book, which will involve sub-prime mortgages. The Minister for Finance has promised that the sale of loan books to unregulated third parties Bill will be published much earlier than 2015 because it will ensure people in the circumstances covered will not lose the statutory protection afforded by the code of conduct on mortgage arrears. Will the Taoiseach advise the House as to when that Bill will be brought forward? I am sure everyone on this side of the House will co-operate in finding time to have it debated and advanced through the House.

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