Results 7,081-7,100 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Fiscal Policy (11 Jun 2015)

Michael Noonan: The Irish Fiscal Advisory Council's report does state that the inclusion of tax buoyancy appears to go against the letter and spirit of the expenditure benchmark and it goes on to state that it sees no argument for the inclusion of a temporary demand effect in the calculation of expenditure benchmark compliance given the objective to match structural changes in spending and revenues. I do...

Written Answers — Department of Finance: Fiscal Policy (11 Jun 2015)

Michael Noonan: As stated in the Stability Programme Update (SPU) and the Spring Economic Statement (SES), the 2016 forecast reflects a budgetary package of €1.2 billion, evenly split between revenue and expenditure measures.  Such a package amounts to around 0.6 per cent of GDP.   Post 2016, the fiscal forecasts included in the SES and the SPU, and all related general government...

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I move amendment No. 4:To delete, after the words “approves the draft”, the words “Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order, 2015” and to substitute the words "Commission of Investigation (Irish Bank Resolution Corporation) Order 2015” in their place.This is a technical amendment which was required...

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: Before I make closing remarks, I would be grateful if the Leas-Cheann Comhairle could advise me as to how the amendments will be taken and at what point I will move the technical amendment.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I would like to thank all of the participants for their contributions during the course of this debate. The debate reflects the constructive consultation that we engaged in, and I am confident that the majority of the concerns around the terms of reference of the commission of investigation are already addressed in the revised terms of reference. Throughout the evening yesterday, and again...

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I have the piece of paper.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I have the Deputy's article.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I will ask the Minister for Transport, Tourism and Sport to send a briefing note on that matter to the Deputy.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: Tomorrow.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: The correction of the Dáil record is not in the terms of reference.

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: Fianna Fáil has not proposed an amendment on that. Its spokesperson has not moved one.

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Michael Noonan: I welcome the opportunity to address Senators on the Commission of Investigation (Irish Bank Resolution Corporation) Order, 2015. Following consultation with Members of the Oireachtas on Monday evening and the debate in the Dáil in the past two days, the majority of concerns raised have been addressed. I look forward to hearing the views of Senators on this significant matter of public...

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Michael Noonan: I thank all the participants in this debate for their constructive participation. I have listened carefully to their concerns around the terms of reference of the commission of investigation and am confident they are largely addressed in the revised terms of reference. I will respond to some of those concerns, but before I do so, I draw attention to the discussion this evening about the...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (10 Jun 2015)

Michael Noonan: The legislation governing the Drivers & Passengers with Disabilities Scheme is contained in Section 92 of the Finance Act 1989 (as amended), Section 134(3) of the Finance Act 1992 (as amended) and Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994).  Full details of the scheme, including the legislative criteria which must be...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: Officials in my Department have advised me that they are aware that the firm of solicitors mentioned in the question were engaged by IBRC to report on the management of conflicting obligations arising from the wind-down of IBRC s wealth-management business. This report was prepared from the perspective of IBRC. The terms of reference of the recently announced Commission of...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 58 and 59 together. I am informed that IBRC made officials in my Department aware that they had engaged a firm of solicitors to report on the management of conflicting obligations arising from the wind-down of IBRC s wealth-management business. This report was prepared from the perspective of IBRC. The terms of reference of the recently announced...

Written Answers — Department of Finance: Financial Irregularities (10 Jun 2015)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions and it would not be appropriate for me to comment on how he performs those duties or to intervene in an individual's complaint. The Financial Services Ombudsman Bureau was established under the Central Bank and Financial Services Authority of Ireland Act 2004....

Written Answers — Department of Finance: IBRC Investigations (10 Jun 2015)

Michael Noonan: While this was a matter for the board of IBRC at that time, the minutes of the meeting, which are available on the Department of Finance website show that the person referred to in the question was present during the discussion on Siteserv. There was no representative from the Department of Finance present at the 15 March 2012 board meeting of IBRC which approved the sale of Siteserv. The...

Written Answers — Department of Finance: IBRC Loans (10 Jun 2015)

Michael Noonan: The sale of Siteserv was a commercial decision for the board of IBRC at the time. Details of the approval of the Board of the sale and the financial impact to IBRC of the sale of Siteserv, including details of the proceeds, process and the €119 write-off, were included in the minutes of the meeting of the board of IBRC on 15 March 2012. The Siteserv transaction was announced to...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: I was informed by my officials on 28 May 2015 that they had found a schedule of IBRC board packs received from August 2011 to September 2012 which had been created as part of a discontinued Freedom of Information request.  This record confirmed that my Department had received the minutes of the meeting of the board of 15 March 2012 as part of the IBRC board...