Results 22,101-22,120 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Agencies: Departmental Agencies (1 Mar 2012)

Michael Noonan: I propose to take Questions Nos. 73 to 75, inclusive, together. I am informed by the National Treasury Management Agency that the Agency's remuneration review in respect of 2011 is currently being finalised. Last December I wrote to the NTMA Chief Executive asking him to ask all NTMA employees whose salary exceeds €200,000 to consider waiving at least 15% of salary or such amount of...

Written Answers — Tax Reliefs: Tax Reliefs (1 Mar 2012)

Michael Noonan: As I announced in the Budget, the proposed new 30% rate of tax relief in respect of interest paid on qualifying home loans for first time buyers who took out their first qualifying home loan in the period between 2004 and 2008 (both dates inclusive) comes into effect as regards the 2012 tax year and subsequent tax years until end 2017. I am informed by the Revenue Commissioners that they...

Written Answers — Financial Services Regulation: Financial Services Regulation (1 Mar 2012)

Michael Noonan: Under Section 57 CL (1) of the Central Bank and Financial Services Authority of Ireland Act, 2004, if either a regulated financial service provider or a complainant is dissatisfied with a finding of the Financial Service Ombudsman (FSO), either the financial service provider or the complainant concerned may appeal to the High Court against the finding. Subject to any such appeal, a finding of...

Written Answers — State Bodies: State Bodies (1 Mar 2012)

Michael Noonan: In response to the Deputy's question each Department is responsible for providing pension fund details in relation to commercial semi State companies for which they hold responsibility. In relation to my own Department there are no commercial semi State companies that come under my aegis.

Written Answers — Departmental Records: Departmental Records (29 Feb 2012)

Michael Noonan: The persons from the Company, referred to in the question, who attended the meeting with the Taoiseach and the Minister for Finance were Mr Steve Schwarzman and Mr Gerry Murphy.

Written Answers — Consumer Protection Code: Consumer Protection Code (29 Feb 2012)

Michael Noonan: Firstly, I wish to inform the Deputy that it would not be appropriate for me to comment on an individual's investment portfolio. The Central Bank has in place a Consumer Protection Code (the Code). This Code applies to all financial institutions regulated by the Central Bank (regulated entities). The Code was introduced in 2006 and revised in 2010 coming into full force on 1 January...

Written Answers — Consultancy Contracts: Consultancy Contracts (29 Feb 2012)

Michael Noonan: As indicated previously to the Deputy the Board of the bank is responsible for the day to day operation of the bank The matters referred to by the Deputy were not brought to my attention as these matters would, in normal course, be a matter for the Board to ensure that proper procedures are followed. However, I require the highest standards from financial institutions operating in the State...

Written Answers — Financial Services Regulation: Financial Services Regulation (29 Feb 2012)

Michael Noonan: The total fees to be paid to the Special Manager and his team at the credit union concerned will be subject to approval by the Court upon request by the Special Manager. The request would typically include sufficient information for the Court to determine if the fees are reasonable, and might include a work schedule, indicating tasks performed, hours worked, and staff levels. As this...

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: As indicated previously to the Deputy the Board of the bank is responsible for the day to day operation of the bank. The Board is also charged with responsibility to ensure the optimum return to the State from the work out of the IBRC loan book. Notwithstanding this, IBRC has informed me that the bank signed eight major contracts with core providers for advice relating to the sale of its...

Written Answers — Tax Code: Tax Code (29 Feb 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the information requested by the Deputy is as follows for the years in question. The total tax revenue and corporation tax revenue figures in columns C and D in the following table are Revenue "net receipts" figures which can differ from tax revenues reported on an Exchequer basis for accounting and timing reasons. Year(A) Standard Rate of...

Written Answers — EU-IMF Agreement: EU-IMF Agreement (29 Feb 2012)

Michael Noonan: Currently, the Banking Division of my Department, the NTMA and the Central bank are working on this technical review. This group is being supported by McKinsey and Company who is advising my Department. The deputy will appreciate it is not appropriate for commercial reasons to disclose details of the specific arrangement with the company. These resources are sufficient to progress the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (29 Feb 2012)

Michael Noonan: The Central Bank has advised me that they wrote to all mortgage lenders in 2010 to ascertain whether they were offering, or intended to offer, a mortgage product that would allow home owners to sell their existing home and transfer the negative equity portion of the original loan to the new loan. In order to ensure that proposals in relation to such mortgages are consistent with the Central...

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Feb 2012)

Michael Noonan: I am advised by NAMA that it does not pay salaries to debtors or their employees as NAMA is not their employer. NAMA inform me that it is the agency's practice to allow debtor companies to retain overhead costs from rental or other income that are produced by their assets where this is necessary for the company's operations. In a minority of cases, where assets are under development and not...

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: The Department was informed of the bank's intention to engage the advisory arm of the company referred to in the question on the 1st November 2011. The bank was requested by my Department to confirm that there is no conflict in relation to the appointment. This confirmation has been provided by the bank.

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: The weekly discussions are with the advisory arm of the firm in question, as engaged by IBRC. While this is ordinary business of IBRC for which the Board is responsible, the purpose of the calls is to keep my Department appraised of progress and developments.

Written Answers — State Agencies: State Agencies (29 Feb 2012)

Michael Noonan: As the Deputy will be aware My Department and the NTMA meet a very wide range of groups, companies, individuals etc. in normal course and on an on-going basis. The Deputy will appreciate that it would not be usual or appropriate to make public details of such meetings on the basis that the parties to such meetings are entitled to normal commercial confidentiality.

Written Answers — Mineral Oil Tax Regulations: Mineral Oil Tax Regulations (28 Feb 2012)

Michael Noonan: The taxation and designation of marked gas oil for specific uses is in line with the EU Energy Taxation Directive and Ireland's environmental obligations. In addition, I am informed by the Revenue Commissioners, who are responsible for the collection of mineral oil tax and for tackling the illicit trade in mineral oil products, that they are acutely aware of the various illegal activities...

Written Answers — Mortgage Arrears: Mortgage Arrears (28 Feb 2012)

Michael Noonan: A Steering Group, chaired by a Second Secretary General in my Department and comprising senior representation from Government Departments and the Central Bank, has been established to oversee and drive the implementation of the various recommendations contained in the report of the Inter-Departmental Working Group on Mortgage Arrears across Government. As part of this, separate working...

Written Answers — Ministerial Transport: Ministerial Transport (28 Feb 2012)

Michael Noonan: In the period in question the cost to my Department in relation to the use of my car for Ministerial travel was €76,168.14. This cost included mileage (which is to cover car related expenses), the salaries paid to civilian drivers and the travel and subsistence paid to the drivers. Under the guidelines, Overtime is not paid to Ministerial drivers. This amount is significantly below the...

Written Answers — Departmental Meetings: Departmental Meetings (28 Feb 2012)

Michael Noonan: I met with representatives of this company on one occasion in 2011.