Results 21,461-21,480 of 27,019 for speaker:Michael Noonan

Written Answers — National Asset Management Agency: National Asset Management Agency (1 May 2012)

Michael Noonan: The NAMA SPV was originally established with Eurostat's approval and with Irish Life as one of the private owners. However, as Irish Life is now in public ownership, Eurostat attached a reservation to our Maastricht Returns in which it raised concerns about the private sector ownership of the NAMA SPV and consequently the treatment of NAMA for the purposes of calculating General Government...

Written Answers — Credit Review Office: Credit Review Office (1 May 2012)

Michael Noonan: The Credit Review Office (CRO) was established under Section 210(1) (b) of the National Asset Management Agency Act 2009 and commenced operations in April 2010. The CRO reviews decisions by the pillar banks to refuse, reduce or withdraw credit facilities (including applications for restructured credit facilities) from €1,000 up to €500,000. Each review will only apply to a specific...

Written Answers — EU Treaties: EU Treaties (1 May 2012)

Michael Noonan: I propose to take Questions Nos. 212 and 213 together. As I have stated before, the European Stability Mechanism (ESM) Treaty, was signed by Euro Area Member States on 2 February 2012. The original version of the Treaty was signed on 11 July 2011, but it has been modified to incorporate decisions taken by the Heads of State or Government (HoSG) of the Euro Area on 21 July and 9 December 2011...

Written Answers — Tax Code: Tax Code (1 May 2012)

Michael Noonan: I propose to take Questions Nos. 214 and 215 together. I am advised by the Revenue Commissioners that under EU VAT rules, traders, including farmers, who are registered for VAT, collect VAT on the goods and services that they sell and are entitled to recover the VAT they incur on business inputs used in the production of goods or delivery of services. VAT registered farmers are therefore...

Official Engagements (1 May 2012)

Michael Noonan: Sinn Féin is always frightened of the truth.

Order of Business (1 May 2012)

Michael Noonan: It is better to get it in North America than to rob or print it

Written Answers — EU Funding: EU Funding (26 Apr 2012)

Michael Noonan: The European Stability Mechanism (ESM) Treaty, was signed by Euro Area Member States on 2 February 2012. The original version of the Treaty was signed on 11 July 2011, but it has been modified to incorporate decisions taken by the Heads of State and Government (HoSG) of the Euro Area on 21 July, 9 December 2011 and 2 March aimed at improving the effectiveness of the mechanism. These...

Written Answers — State Savings Scheme: State Savings Scheme (26 Apr 2012)

Michael Noonan: The National Treasury Management Agency is responsible for State savings schemes. An Post and the Prize Bond Company act as agents of the National Treasury Management Agency for the sale of these products. There is an attractive range of products available to the public from the ordinary deposit account to fixed saving products with maturities from 3 to 10 years. The rates on offer are...

Written Answers — General Government Debt: General Government Debt (26 Apr 2012)

Michael Noonan: The first estimate for end 2011 General Government debt was transmitted by the Department of Finance and the Central Statistics Office to Eurostat on 31st March as part of the Maastricht Returns. Following the usual clarification process, the return was published by my Department and Eurostat on Monday 23rd March. The CSO compiles quarterly estimates of General Government Debt one quarter in...

Written Answers — National Pension Reserve Fund: National Pension Reserve Fund (26 Apr 2012)

Michael Noonan: The Government is committed to ensuring a continuing level of investment in Ireland in the interests of boosting economic activity and generating employment. It believes that the National Pensions Reserve Fund (NPRF) can make a significant contribution to that objective through its involvement in the Strategic Investment Fund and through investment opportunities in Ireland such as the new...

Written Answers — National Asset Management Agency: National Asset Management Agency (26 Apr 2012)

Michael Noonan: I am advised by NAMA that it does not, at this stage, expect to acquire any additional loans from the participating institutions. However, I am advised that, in NAMA's engagement with a minority of debtors, certain loans have come to light which were not initially deemed eligible by the institutions concerned but which, following review, are now considered to be eligible. In cases where...

Written Answers — Official Engagements: Official Engagements (26 Apr 2012)

Michael Noonan: In November of last year, the European Commission published a Green Paper on the feasibility of introducing Stability Bonds. The paper analyses the potential benefits and challenges of a number of approaches to common sovereign debt issuance among euro area Member States. While there are potentially significant benefits attached to common debt issuance, there are clearly differing views...

Written Answers — Departmental Agencies: Departmental Agencies (26 Apr 2012)

Michael Noonan: State indemnity for personal injury and third party property damage is set out in the National Treasury Management Agency (Amendment) Act, 2000 where the management of personal injury and third party property damage claims against certain State authorities, and underlying risks, was delegated to the National Treasury Management Agency (NTMA). When performing these functions, the NTMA is...

Written Answers — Redundancy Payments: Redundancy Payments (26 Apr 2012)

Michael Noonan: I am advised by NAMA that it has not received a request from the company in question to fund enhanced redundancy payments in this case. NAMA fully appreciates how difficult the situation is for the people who have lost their jobs. However, it is NAMA policy, in cases where it is requested to approve funding for redundancy, to provide approval only for statutory redundancy payments. I...

Written Answers — Bank Guarantee Scheme: Bank Guarantee Scheme (26 Apr 2012)

Michael Noonan: The bank guarantee (schemes) to which the Deputy refers are the Credit Institutions Financial Support Scheme 2008 (CIFS Scheme) which was in operation between 30 September, 2008 and 29 September, 2010, and the Eligible Liabilities Guarantee Scheme (ELG Scheme) which came into operation on 9 December, 2009 and has a current issuance end-date of 30 June, 2012, subject to review by the EU...

Written Answers — Negative Equity Mortgages: Negative Equity Mortgages (26 Apr 2012)

Michael Noonan: Firstly, I would like to inform the Deputy that the most recent and detailed data on negative equity is presented in the paper entitled "The Irish Mortgage Market: Stylised Facts, Negative Equity and Arrears" which is available on the Central Bank's website www.centralbank.ie. The Central Bank has advised me that in early 2011, loan loss assessments under conservative, base and stressed...

Written Answers — Tax Collection: Tax Collection (26 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the most appropriate information that can be provided is an annual breakdown for the years from 2000 to 2011 inclusive of the numbers of stamped instruments in respect of purchases and long-term leases of residential property where stamp duty of €10,000 or more applied. The information available on that basis is as follows. Year Number of...

Written Answers — Parliamentary Questions: Parliamentary Questions (26 Apr 2012)

Michael Noonan: In the period in question 412 Parliamentary Questions were transferred from my Department to other Departments. These transfers arose as the questions raised were not appropriate to my Department.

Written Answers — Rural Development: Rural Development (26 Apr 2012)

Michael Noonan: In response to the Deputy's question my Department has no involvement in this matter.

Private Members' Business. Motorist Emergency Relief Bill 2012: Second Stage (Resumed) (25 Apr 2012)

Michael Noonan: I would worry about that.