Results 4,901-4,920 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Advertising: Departmental Advertising (28 Feb 2012)

Michael Noonan: In the time allowed it was not possible to provide a detailed answer for the Deputy with regard to my Department. The Public Appointments Service (PAS) is an independent body established under the Public Service Management (Recruitment and Appointments) Act 2004, to provide recruitment, assessment and selection services for the civil service. The PAS will provide data regarding competitions...

Written Answers — Appointments to State Boards: Appointments to State Boards (28 Feb 2012)

Michael Noonan: In response to the Deputy's question the following table outlines the position in relation to boards under the aegis of my Department. While no appointees have volunteered to waive their fee or expenses a number have made voluntary reductions in relation to the fees paid. Details in respect of board members voluntary reduction in fees. Board/Body Name Name of current board members...

Written Answers — Ministerial Transport: Ministerial Transport (28 Feb 2012)

Michael Noonan: In the period in question I undertook a number of commercial flights to attend meetings in Paris, the US, Luxembourg and London. The total cost for these flights amounted to €6,972.14. In addition €2,695.61 was spent in relation to car hire for meetings attended by me in Brussels, the US and Paris. In relation to the use of my car for Ministerial travel, the total cost has been...

Written Answers — Departmental Records: Departmental Records (29 Feb 2012)

Michael Noonan: The persons from the Company, referred to in the question, who attended the meeting with the Taoiseach and the Minister for Finance were Mr Steve Schwarzman and Mr Gerry Murphy.

Written Answers — Consumer Protection Code: Consumer Protection Code (29 Feb 2012)

Michael Noonan: Firstly, I wish to inform the Deputy that it would not be appropriate for me to comment on an individual's investment portfolio. The Central Bank has in place a Consumer Protection Code (the Code). This Code applies to all financial institutions regulated by the Central Bank (regulated entities). The Code was introduced in 2006 and revised in 2010 coming into full force on 1 January...

Written Answers — Consultancy Contracts: Consultancy Contracts (29 Feb 2012)

Michael Noonan: As indicated previously to the Deputy the Board of the bank is responsible for the day to day operation of the bank The matters referred to by the Deputy were not brought to my attention as these matters would, in normal course, be a matter for the Board to ensure that proper procedures are followed. However, I require the highest standards from financial institutions operating in the State...

Written Answers — Financial Services Regulation: Financial Services Regulation (29 Feb 2012)

Michael Noonan: The total fees to be paid to the Special Manager and his team at the credit union concerned will be subject to approval by the Court upon request by the Special Manager. The request would typically include sufficient information for the Court to determine if the fees are reasonable, and might include a work schedule, indicating tasks performed, hours worked, and staff levels. As this...

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: As indicated previously to the Deputy the Board of the bank is responsible for the day to day operation of the bank. The Board is also charged with responsibility to ensure the optimum return to the State from the work out of the IBRC loan book. Notwithstanding this, IBRC has informed me that the bank signed eight major contracts with core providers for advice relating to the sale of its...

Written Answers — Tax Code: Tax Code (29 Feb 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the information requested by the Deputy is as follows for the years in question. The total tax revenue and corporation tax revenue figures in columns C and D in the following table are Revenue "net receipts" figures which can differ from tax revenues reported on an Exchequer basis for accounting and timing reasons. Year(A) Standard Rate of...

Written Answers — EU-IMF Agreement: EU-IMF Agreement (29 Feb 2012)

Michael Noonan: Currently, the Banking Division of my Department, the NTMA and the Central bank are working on this technical review. This group is being supported by McKinsey and Company who is advising my Department. The deputy will appreciate it is not appropriate for commercial reasons to disclose details of the specific arrangement with the company. These resources are sufficient to progress the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (29 Feb 2012)

Michael Noonan: The Central Bank has advised me that they wrote to all mortgage lenders in 2010 to ascertain whether they were offering, or intended to offer, a mortgage product that would allow home owners to sell their existing home and transfer the negative equity portion of the original loan to the new loan. In order to ensure that proposals in relation to such mortgages are consistent with the Central...

Written Answers — National Asset Management Agency: National Asset Management Agency (29 Feb 2012)

Michael Noonan: I am advised by NAMA that it does not pay salaries to debtors or their employees as NAMA is not their employer. NAMA inform me that it is the agency's practice to allow debtor companies to retain overhead costs from rental or other income that are produced by their assets where this is necessary for the company's operations. In a minority of cases, where assets are under development and not...

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: The Department was informed of the bank's intention to engage the advisory arm of the company referred to in the question on the 1st November 2011. The bank was requested by my Department to confirm that there is no conflict in relation to the appointment. This confirmation has been provided by the bank.

Written Answers — State Banking Sector: State Banking Sector (29 Feb 2012)

Michael Noonan: The weekly discussions are with the advisory arm of the firm in question, as engaged by IBRC. While this is ordinary business of IBRC for which the Board is responsible, the purpose of the calls is to keep my Department appraised of progress and developments.

Written Answers — State Agencies: State Agencies (29 Feb 2012)

Michael Noonan: As the Deputy will be aware My Department and the NTMA meet a very wide range of groups, companies, individuals etc. in normal course and on an on-going basis. The Deputy will appreciate that it would not be usual or appropriate to make public details of such meetings on the basis that the parties to such meetings are entitled to normal commercial confidentiality.

Written Answers — Tax Reliefs: Tax Reliefs (1 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that under existing arrangements lenders are required to report details of mortgage arrears to Revenue where cumulative arrears of 18 months or more exist. In such cases, Revenue requires lenders to provide information regarding the precise nature of the arrear such as whether the customer is making interest payments and if so, the amount. Based on...

Written Answers — National Asset Management Agency: National Asset Management Agency (1 Mar 2012)

Michael Noonan: NAMA is not a State authority for the purposes of the Statute of Limitations Act, 1957. A state authority means any authority being a Minister of State or the Commissioner of Public Works in Ireland or the Irish Land Commission or the Revenue Commissioners or the Attorney General. The primary consequence of being a state authority is that it removes time limits on bringing a legal action...

Written Answers — Tax Collection: Tax Collection (1 Mar 2012)

Michael Noonan: I am informed by the Revenue Commissioners that, following a thorough search they are unable to locate details of Pay & Tax deducted for the years 1982/83 and 1983/84 in respect of the person in question.

Written Answers — Tax Reliefs: Tax Reliefs (1 Mar 2012)

Michael Noonan: On the basis of information provided in tax returns for the income tax year 2009, the latest year for which the most recent detailed information is available, the cost to the Exchequer of income tax relief for the rent-a-room scheme is estimated at approximately €5.6 million. On this basis the full year yield to the Exchequer of abolishing the tax relief would be of the same order.

Written Answers — Financial Services Regulation: Financial Services Regulation (1 Mar 2012)

Michael Noonan: Section 48 of the Credit Union Act 1997 provides that a credit union may offer additional services to its members subject to these services appearing to the Central Bank of Ireland to be of mutual benefit to its members. Each credit union is required to apply to the Registrar of Credit Unions for permission to provide the service. However, in cases where a service appears to the Central...