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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Credit (Amendment) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I move amendment No. 6: In page 14, to delete lines 37 to 43.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Credit (Amendment) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I thank the Vice Chairman and members for participating in this afternoon's debate.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: This is an important new section in the legislation regarding deducting the value of State supports. That issue became apparent as the Covid-19 situation emerged. There is a general misunderstanding among the public because many of the insurance companies had said they would not deduct any payments the State had made from any payments they would be making under business interruption...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: We do not have the information yet.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: My view and the Government's view on this is that we should gather the information and see what the facts are. When we see the facts, we will be able to make a decision. I have no idea what the facts will be until we gather them. The purpose of this is to start gathering the information and the facts. There is a precedent in social protection legislation which, in my view, is probably the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: However, we do not have information to draft legislation accurately at this stage.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I thank the Deputy for her constructive comments. I acknowledge the role of her party colleague, Deputy Doherty, in dealing with this topic over a period of time. We had complicated issues with price walking and dual pricing, and they were connected issues but subtly different in their own way. What is happening here is that we are dealing with this issue as part of the programme for...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: We do not have the information yet. Until now, it has been quite legal for them to do it and there is no provision against this abuse of customers’ loyalty. It is shocking that the insurance companies were doing that for years. That is why this is now coming to a head. The Central Bank has the regulatory powers to deal with the issue. In regard to the companies, the Central Bank...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: This relates to the same issue. It is about the report on the issues we have just discussed.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I want to make the committee aware that, only in respect of this area, we are considering a technical drafting amendment to section 16A, which is being inserted by section 8 of this Bill. We will revert on this if we have an amendment on Report Stage. I am signalling now that we may have an amendment but no details have been finalised so I cannot get into any specifics. We will be upfront...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: For the benefit of people who are listening, some of these amendments are amendments to the Consumer Insurance Contracts Act 2019, in which Deputy Doherty was involved a number of years ago. That has been in operation for a couple of years and these are technical amendments just to tidy up and improve some of the wording. I want to acknowledge it is the Consumer Insurance Contracts Act 2019...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I will put a note on the record. In order to protect consumers’ interests, section 11 amends the European Union (Insurance and Reinsurance) Regulations 2015. These amendments will provide for technical changes in order to address two issues identified by the Central Bank of Ireland and relating to the scope of an insurance temporary run-off regime for UK- and Gibraltar-authorised...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Insurance (Miscellaneous Provisions) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I have nothing to add, other than to thank the members of the committee.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Credit (Amendment) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: I move amendment No. 2: In page 6, between lines 27 and 28, to insert the following: “Amendment of section 92 of Act of 1995 5.Section 92 of the Act of 1995 is amended, in subsection (2), by the insertion of the following definitions: “ ‘financial services legislation’ has the same meaning as it has in the Central Bank (Supervision and Enforcement) Act 2013;...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Consumer Credit (Amendment) Bill 2022: Committee Stage (11 May 2022)

Seán Fleming: It would be €480.

Written Answers — Department of Employment Affairs and Social Protection: Social Welfare Payments (10 May 2022)

Seán Fleming: 537. To ask the Minister for Employment Affairs and Social Protection if a married couple (details supplied) can have their payments backdated to the date of the original application for in view of the fact that their cases were examined recently and they were given the appropriate level of payment for their circumstances; and if she will make a statement on the matter. [22801/22]

Written Answers — Department of Health: Primary Care Centres (10 May 2022)

Seán Fleming: 741. To ask the Minister for Health the up-to-date position regarding a project (details supplied) at a location; and if he will make a statement on the matter. [22841/22]

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Report and Final Stages (4 May 2022)

Seán Fleming: I acknowledge the amendments put forward by the Deputy in response to the Government amendment. With regard to the issues he raised around the tax warehousing scheme, this scheme is an essential element of the assistance provided by the State with the EWSS and TWSS. The tax debt warehousing scheme has offered valuable and practical liquidity support to businesses. It has assisted...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Report and Final Stages (4 May 2022)

Seán Fleming: No. We have had quite a discussion on the contents of this Bill, both during the resolutions last week and again here today. It was also previously discussed on Committee Stage and we had a number of debates last week during Private Members' time dealing with cost-of-living issues, which were very much concentrated on the issues before us. We have had extensive debate so I have nothing...

Finance (Covid-19 and Miscellaneous Provisions) Bill 2022: Report and Final Stages (4 May 2022)

Seán Fleming: I move amendment No. 3: In page 24, to delete lines 9 to 56, and in page 25, to delete lines 1 to 16 and substitute the following:“11. (1) The is amended with effect as on and from 10 March 2022 by the substitution of the following Schedule for Schedule 2: “SCHEDULE 2 RATES OF MINERAL OIL TAX With effect as on and from: Light Oil: Rates per 1,000 litres ...

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