Results 26,981-27,000 of 27,019 for speaker:Michael Noonan

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I thank the Senators for their contributions. I like coming to the Seanad because the debates are always interesting. I thank the Senators who paid compliments to me on my impending retirement. I might come back and haunt the Seanad in the future.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I might be in the Taoiseach's 11. I would like to deal with a number of the points raised. First, on the question of timing, it has always been the policy of the Government since we first put capital into the banks that in due course the banks would be restored to private ownership. That was the common policy position, shared with the Labour Party in the previous Government. Second, it is...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: Let me finish the point.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I am not misrepresenting the Senator's party. I will give the Senator the codes from Deputy Pearse Doherty and several of the party spokesperson. I agree with what Senator Conway-Walsh was saying, it is just that she is saying something different now. The policy right across this House and the other House was that we must break the link between the sovereigns and the bank, because if we do...

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: What normally happens is there are informal discussions with the Commission, and the Commission, when it believes there is agreement, brings forward the proposal.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: Yes, but there would be no difficulty getting that, if it is beneficial.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I do not think, Senator Conway-Walsh, that that is a valid point.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: Where is the cronyism and corruption in the sale of AIB?

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: The Senator is throwing out words.

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: Where is the cronyism and corruption?

Seanad: Proposed Sale of AIB Shares: Statements (31 May 2017)

Michael Noonan: I do not know when an election will be called, but any prudent Senator or Deputy would need to have their wick trimmed and oil in their lamps.

Written Answers — Department of Finance: Question Heading for question(s) 63 (1 Jun 2017)

Michael Noonan: I wish to advise the Deputy that my Department operates under State Indemnity, a self-insurance model whereby the State bears the financial risk associated with the cost of claims. The National Treasury Management Agency (NTMA) is designated as the State Claims Agency (SCA) when performing the claims and risk management functions delegated to it under the National Treasury Management...

Written Answers — Department of Finance: Public Procurement Contracts Data (1 Jun 2017)

Michael Noonan: As the Deputy will be aware, on Tuesday evening I released an 'Intention to Float' (ITF) announcement, indicating that my Department is preparing for the sale of around 25% of the State's shareholding in AIB. This offering will include an opportunity for retail investors to participate on the same terms as institutional investors. The structure of the retail element is informed by previous...

Written Answers — Department of Finance: VAT Rate Application (1 Jun 2017)

Michael Noonan: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive 2006, Irish legislation applies the standard rate of VAT, currently 23%, to the supply of legal services; the type of legal service being provided has no impact on the application of VAT to the legal fees charged. Under the Directive there is...

Written Answers — Department of Finance: Tax Exemptions (1 Jun 2017)

Michael Noonan: I have been advised by Revenue that, following the dissolution of a marriage or a civil partnership, transfers of property between the spouses or civil partners are exempt from stamp duty where they are made on foot of a court order made under the relevant provisions of the Family Law Act 1995, the Family Law (Divorce) Act 1996 or the Civil Partnership and Certain Rights and Obligations of...

Written Answers — Department of Finance: Insurance Costs (1 Jun 2017)

Michael Noonan: As Minister for Finance, I am responsible for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, as these matters are of a commercial nature, and are determined by insurance companies based on an assessment of the risks they are willing to...

Written Answers — Department of Finance: Tax Data (1 Jun 2017)

Michael Noonan: I am advised by Revenue that they require further details to establish whether they have the relevant information in respect of the person concerned. Revenue will make direct contact with the person concerned with a view to providing whatever assistance is possible.

Written Answers — Department of Finance: EU Funding (1 Jun 2017)

Michael Noonan: The Government has published a comprehensive document on ‘Ireland and the negotiations on the UK’s withdrawal from the European Union under Article 50 of the Treaty on European Union’ on 2 May 2017. Our priorities are clear: minimising the impact on trade and the economy, protecting the Northern Ireland Peace Process, maintaining the Common Travel Area and influencing...

Written Answers — Department of Finance: Central Bank of Ireland Staff (1 Jun 2017)

Michael Noonan: I am informed by the Central Bank that one employee was placed on garden leave in 2017 for a duration of 4.75 months. Arising from the seniority of the post, the cost of the garden leave is €122,000 inclusive of payment for untaken annual leave which was due and is being taken during this period.  Garden leave is provided for in contracts of employment for key roles to...

Written Answers — Department of Finance: Insurance Compensation Fund (1 Jun 2017)

Michael Noonan: The Supreme Court delivered its judgment on 25 May 2017 overturning the previous decisions of the High Court and the Court of Appeal, finding that the Motor Insurers’ Bureau of Ireland (MIBI) is liable in respect of third party motor insurance claims made against the policyholders of Setanta Insurance. Therefore, the Insurance Compensation Fund (ICF) has been deemed responsible for...