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Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: On behalf of the Minister for Finance, Public Expenditure and Reform, I drew the Government's attention to the joint committee's report. The motion offers a welcome opportunity to address the House on the importance of the credit union sector and, in particular, to discuss the report of the joint committee, which followed the credit union advisory committee, CUAC, report in 2016. I welcome...

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: The discussions that have taken place on this motion on the report on the review of the credit union sector are timely and I very much welcome them. On behalf of the Minister for Finance, I thank the House for the opportunity to engage in this debate. The Government welcomes the report and the significant work undertaken by the committee in its review and acknowledges that both the...

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: The credit union in Gorey provided hugely important cashflow to those businesses. I know from speaking to other businesses over the years that the credit union has always been there. The Government and the Minister are supportive of a change to section 35. The Government is supportive of change, and there will be a paper on tiered regulation, which will be available next month. Time is...

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: No.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: The Deputy should not misrepresent what was said.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: We have supported most of the 27 recommendations. The Deputy is choosing to ignore that.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: Again, that is misrepresentation. The Deputy is misrepresenting everything that was said.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: That is not the case.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: The Deputy misrepresents everything that has been said.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: The Department is implementing most of those recommendations. The Deputy is choosing to ignore that.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: I do listen. I am listening to condescension.

Credit Union Sector Report: Motion (8 Mar 2018)

Michael D'Arcy: I said we would do so but the Deputy chose to ignore that.

Seanad: Commencement Matters: Primary Medical Certificates (8 Mar 2018)

Michael D'Arcy: I thank the Senator for raising this issue. The disabled drivers and disabled passengers (tax concessions) scheme provides relief from VAT and VRT, up to a certain limit, on the purchase of an adapted car for transport of a person with specific severe and permanent physical disabilities, payment of a fuel grant and an exemption from motor tax. To qualify for the scheme, an applicant must...

Seanad: Commencement Matters: Primary Medical Certificates (8 Mar 2018)

Michael D'Arcy: A number of improvements were made in January 2016. First, for those citizens who required extensive modifications to their vehicles to take account of their disabilities, where the cost of the modifications exceeded the cost of the vehicles, a category of extensively adapted vehicle was provided for drivers and passengers. The VRT and VAT relief on such vehicles can be up to a figure of...

Business Insurance: Motion [Private Members] (21 Mar 2018)

Michael D'Arcy: I want to dispel one thing that has been consistent from the Opposition, which is that the Government has done nothing on this. People are looking for a roadmap. There is a roadmap. There is the motor insurance report in conjunction with the report of the Personal Injuries Commission, PIC. I have been struck by one thing when meeting people, and since I have come into this job I have met...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: The cost of insurance working group’s report on the cost of motor insurance was published in January 2017 and makes 33 recommendations with 71 associated actions to be carried out in agreed timeframes, which are set out in an action plan. In line with the commitment to publish quarterly update reports on the implementation of the recommendations, the working group has published...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: They are not my figures but independent figures from the CSO. They are not from the Department or Insurance Ireland. They are independently assessed by the CSO. The Deputy should not mistake what he calls the lack of speed. We are not underestimating the importance of this issue. To demonstrate its importance, there are four legislative measures from the Department of Finance, three...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: With regard to younger drivers, I said in the House previously that there is an opportunity for young drivers to use a telematics device which can record the movement of their vehicles. To my disappointment a huge number of young drivers prefer to pay the extra amount rather than be on the system where their every movement is recorded in an appropriate way. I believe that in the future all...

Other Questions: Motor Insurance Costs (27 Mar 2018)

Michael D'Arcy: The cost of insurance will be halved for a young driver if he or she uses this device. However, very few people are taking it up.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Fossil Duel Divestment Bill 2016 [Private Members]: Committee Stage (19 Apr 2018)

Michael D'Arcy: I thank the Acting Chairman. He looks very well in the Chair.

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