Results 2,841-2,860 of 27,019 for speaker:Michael Noonan

Written Answers — National Asset Management Agency: National Asset Management Agency (14 Sep 2011)

Michael Noonan: NAMA participated in the Working Group set up by the Government to examine the issue and extent of unfinished estates in Ireland. The Group's report was published by the Minister for Housing in June 2011.That report identified 2,800 unfinished estates that were categorised by reference to the extent to which they required remediation work. The report identified about 225 Category 4 estates...

Written Answers — State Claims Agency: State Claims Agency (14 Sep 2011)

Michael Noonan: I am informed by the State Claims Agency that the amount spent on legal fees by the Agency in each of the past five years is as follows: Legal Costs 2006(€m) 2007(€m) 2008(€m) 2009(€m) 2010(€m) Defence Legal Costs 3.9 4.7 8.2 8.6 12.0 Plaintiff Legal Costs 5.0 3.3 10.4 12.8 18.1 Total 8.9 8.0 18.6 21.4 30.1 The legal cost of the clinical claims portfolio has been increasing...

Written Answers — Motor Fuels: Motor Fuels (14 Sep 2011)

Michael Noonan: 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 their officers are empowered under section 134 and 135 of the Finance Act 2001 to stop vehicles for the purpose of examining and taking fuel samples. The Revenue Commissioners office continually review the sampling procedures...

Written Answers — Departmental Expenditure: Departmental Expenditure (14 Sep 2011)

Michael Noonan: The following is the list of replied that we have received to date. The complete list will be forwarded to the Deputy within the next few days. Financial Services Ombudsman Budget for 2011 €5,820,000 Staff Numbers 34. Financial Services Ombudsman Council Budget for 2011 Nil Staff...

Leaders' Question (15 Sep 2011)

Michael Noonan: Who sold out the country?

Written Answers — National Asset Management Agency: National Asset Management Agency (15 Sep 2011)

Michael Noonan: Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php. The site includes properties located in East Cork, including Midleton, Youghal, Carrigtwohill and Cobh and, in each instance, information about the firm dealing with the insolvency and its contact details are provided. Potential...

Written Answers — Exchequer Savings: Exchequer Savings (15 Sep 2011)

Michael Noonan: Budget 2012 will then be presented to the Dáil in early December, as is the usual practise. The Budget will set out revenue and expenditure measures to deliver the required adjustment.

Written Answers — Personal Debt: Personal Debt (15 Sep 2011)

Michael Noonan: I would like to inform the Deputy that there are measures in place to assist mortgage holders who are in genuine difficulties with regard to the payment of their mortgages. The Deputy will be aware of the work of the Expert Group on Mortgage Arrears and Personal Debt. This Group published its final report in November 2010. All of the Group's recommendations are listed in Chapter 2 of the...

Written Answers — National Asset Management Agency: National Asset Management Agency (15 Sep 2011)

Michael Noonan: NAMA approves the sale of assets by debtors or by receivers acting on its behalf. Given that the bulk of sale approvals to date, by value, have been commercial properties and that a large proportion of these have been located in the UK, the purchasers are likely to have been commercial investors. In the case of sales approvals for residential houses or apartments, NAMA informs me that it...

Seanad: Insurance (Amendment) Bill 2011: Second Stage (15 Sep 2011)

Michael Noonan: I welcome the opportunity to address Seanad Éireann on the Insurance (Amendment) Bill 2011 which was published on Tuesday, 13 September. Owing to changes in EU law dealing with the non-life insurance sector since the fund was last used, it was necessary to get legal advice on the existing legislation. The Attorney General advised that our existing legislation was not compatible with EU law...

Seanad: Insurance (Amendment) Bill 2011: Second Stage (15 Sep 2011)

Michael Noonan: I would like to deal with the background to the Bill and elaborate on the main reasons for it. This has arisen as a result of the announcement of the sale of Quinn Insurance Limited to Liberty Mutual Direct Insurance Company Limited, LMDI, on 28 April. At the time the joint administrators indicated that Quinn Insurance Limited had suffered losses of €905 million in 2009 due largely to...

Seanad: Insurance (Amendment) Bill 2011: Second Stage (15 Sep 2011)

Michael Noonan: I thank the Senators who contributed to the debate on the Bill. I am not seeking to use the guillotine. The request was to take all Stage in the House together. The time pressure on us arises from the fact that the Liberty group will conclude the purchase of the Quinn Group on 4 October. It has to go to the High Court on 4 October where certain questions will be asked. One of the...

Seanad: Insurance (Amendment) Bill 2011: Committee and Remaining Stages (15 Sep 2011)

Michael Noonan: It is proposed to amend sections 3B(1) and 3B(2). This amendment provides that where the insurer concerned is in an equivalent of liquidation in another member state, the accountant of the insurance compensation fund, who manages the fund on behalf of the High Court, can apply on behalf of the persons concerned for payment to be made once in every six months. The limitation on the frequency...

Seanad: Insurance (Amendment) Bill 2011: Committee and Remaining Stages (15 Sep 2011)

Michael Noonan: I thank all Senators who contributed to the debate on the Bill and all those who attended. I thank them for facilitating the passage of the Bill.

Leaders' Questions (20 Sep 2011)

Michael Noonan: What we are doing is as plain as a pikestaff.

Leaders' Questions (20 Sep 2011)

Michael Noonan: The Deputy still does not recognise the court.

Programme for Government (20 Sep 2011)

Michael Noonan: Micheál will deal with those.

European Financial Stability Facility and the Euro Area Loan Facility (Amendment) Bill 2011: Order for Second Stage (20 Sep 2011)

Michael Noonan: I move: "That Second Stage be taken now."

European Financial Stability Facility and the Euro Area Loan Facility (Amendment) Bill 2011: Second Stage (20 Sep 2011)

Michael Noonan: I move: "That the Bill be now read a Second Time." I thank the House for agreeing to discuss the European Financial Stability Facility and the Euro Area Loan Facility (Amendment) Bill 2011 today at short notice. The Bill is needed urgently to allow Ireland ratify the changes to the European Financial Stability Facility and Greek Loan Facility as agreed by the Heads of State or Government on...

European Financial Stability Facility and the Euro Area Loan Facility (Amendment) Bill 2011: Second Stage (20 Sep 2011)

Michael Noonan: There are some downsides that we have not yet seen.