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Results 25,161-25,180 of 26,162 for speaker:Kieran O'Donnell

Written Answers — Energy Efficiency: Energy Efficiency (10 Mar 2009)

Kieran O'Donnell: Question 414: To ask the Minister for Communications, Energy and Natural Resources when the home energy saving scheme as launched on 8 February 2009 will be in a position to accept applications from homeowners; when the list of approved contractors will be finalised; when building energy regulation assessments and other works will commence in homes; and if he will make a statement on the...

Written Answers — Energy Efficiency: Energy Efficiency (10 Mar 2009)

Kieran O'Donnell: Question 415: To ask the Minister for Communications, Energy and Natural Resources if the provision in the pilot programme of the home energy saving scheme to allow for double glazing in approved homes will be extended to the full scheme in place; if glazing contractors approved under the pilot scheme will be invited to apply for approval under the full scheme; and if he will make a...

Public Finances: Motion (4 Mar 2009)

Kieran O'Donnell: I am delighted to contribute to this motion put forward by our deputy leader and finance spokesman, Deputy Richard Bruton. It is extremely important that we deal with what is probably the greatest economic crisis this country has ever faced. We find ourselves in a position today looking at approximately €22 billion of a borrowing requirement for 2009 and based on today's Government...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: On the basis of the assurance from the Minister and in the spirit of co-operation, we will be withdrawing amendment No. a1l.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: That is correct.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: The relevant part of this section states: "...to accept funds or assets for the benefit of the Fund from sources other than the Central Fund, if so directed by the Minister,". This gets back to taxpayers' property funding, and the Government would show respect for the House in making decisions. This is another form of directed investment by the Government with regard to the banks and it...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I await the Minister of State's deliberations.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I am pressing it.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I move amendment No. a1l: In page 4, between lines 26 and 27, to insert the following: ""(cb) at the end of each year the Fund shall provide accounts for both its investments made in the normal course of its business and its 'directed investments' pursuant to this Act.",". The Minister gave an assurance in the House that he would direct the National Treasury Management Agency to give the...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: It is critical that the front loading by the Minister to the National Pensions Reserve Fund would be specifically for the purpose of investment into these financial institutions. Furthermore any of these institutions that receive funding should provide a quarterly report to the Houses of the Oireachtas detailing their lending to the enterprises and first-time house purchasers. We have had...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: It is real evidence.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: This section deals with regulation for specific financial instruments. I suspect one area of it relates to contracts for difference. I refer to section 12(4): "Every regulation under subsection (2) shall be laid before each House of the Oireachtas". Is the Minister willing to change "laid before" to "approved by"? This entire area, concerning the regulation of financial instruments, has...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: I am speaking on the section.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Can I submit an amendment on the floor?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Yes. I raise the matter now and the Minister might take this into consideration. I shall submit an amendment on Report Stage.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Fine Gael has tabled a similar amendment. The purpose of this legislation is to put moneys from the National Pensions Reserve Fund into the two main banks — AIB and Bank of Ireland — but as the legislation currently stands, can the Minister put funds into the listed financial institutions, AIB and Bank of Ireland, and Irish Life & Permanent, without bringing it back before the House? We...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Amendment No. a1e is grouped with these amendments in the names of Deputy Burton and me. We would like some clarification. It is extremely important to remember this is taxpayer's money. The Minister mentioned advanced contributions in the order of €3 billion. Those contributions should be restricted purely to investment in these financial institutions with specific reference to ensure...

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: The Minister did not answer the question.

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: After it has been brought to Government, can the Minister then bring it before the House? Is he giving that commitment?

Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee and Remaining Stages (4 Mar 2009)

Kieran O'Donnell: Is the Minister giving a commitment to the House that we will see the contents of that report?

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