Results 5,521-5,540 of 27,019 for speaker:Michael Noonan

Written Answers — Departmental Staff: Departmental Staff (24 Apr 2012)

Michael Noonan: I am not aware of any public servants who have received a pension lump sum on retirement that are working in public service or semi State bodies that come under the aegis of my Department. For completeness I have been informed by the Revenue Commissioners that they have one recently retired official who is working for them in an advisory capacity on a pro bono basis.

Private Members' Business. Motorist Emergency Relief Bill 2012: Second Stage (Resumed) (25 Apr 2012)

Michael Noonan: I thank all Members who contributed. I am sorry the debate was not slightly more constructive. To be constructive, Deputy Dooley could have shown me where to get the €174 million this measure would cost if I acceded to the request. In present circumstances, that is a lot of money in anyone's terms. At the time of the budget, petrol was 150 cent per litre and is now 170 cent, an increase...

Private Members' Business. Motorist Emergency Relief Bill 2012: Second Stage (Resumed) (25 Apr 2012)

Michael Noonan: We cannot consistently spend more than we collect in revenue each year. It is not sustainable. It was suggested by some Opposition speakers yesterday evening that the Bill would provide a modest reduction in the price of fuel. The impact of this reduction would be far from modest in terms of the cost to the Exchequer as it is estimated at €178 million in a full year when VAT is taken...

Private Members' Business. Motorist Emergency Relief Bill 2012: Second Stage (Resumed) (25 Apr 2012)

Michael Noonan: Deputy Healy-Rae is doing better than Deputy Dooley. He was only taking 4 cent off.

Private Members' Business. Motorist Emergency Relief Bill 2012: Second Stage (Resumed) (25 Apr 2012)

Michael Noonan: I would worry about that.

Written Answers — Tax Reliefs: Tax Reliefs (25 Apr 2012)

Michael Noonan: I am informed by the Revenue Commissioners that the cost to the Exchequer of mortgage interest relief by way of tax relief at source (TRS) and the associated number of claimants in the past four years 2008 to 2011 inclusive is as follows: Tax Year Numbers Cost €m 2008 778,100 705 2009 782,700 486 2010 490,900 375 2011 488,000* 357 *These figures are provisional and subject to...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (25 Apr 2012)

Michael Noonan: Extensive and detailed information regarding mortgages held by the covered institutions is publicly available and can be found in the annual reports of each of the institutions concerned. Further disclosures, beyond these statutory requirements, are not given due to commercial and market sensitivity issues. For convenience the internet links to the Annual Reports of the covered institutions...

Written Answers — Departmental Expenditure: Departmental Expenditure (25 Apr 2012)

Michael Noonan: The amount spend on the matters specified by the Deputy was €50.

Written Answers — Ministerial Transport: Ministerial Transport (25 Apr 2012)

Michael Noonan: The amount spent by my Department on drivers and Ministerial transport since February 2011 has been €122,903. This cost includes mileage (which is to cover car related expenses), the salaries paid to civilian drivers, travel and subsistence paid to the drivers and Employer PRSI contributions in respect of the two drivers. This amount is significantly below the €280,000 average annual...

Written Answers — Credit Union Regulation: Credit Union Regulation (25 Apr 2012)

Michael Noonan: The Commission on Credit Unions submitted its Final Report to me on schedule at the end of March and it was published last week. The Report incorporates the recommendations of the Commission's Interim Report, published in October 2011, with regard to deposit protection, resolution, stabilisation, and liquidity. The key recommendations in the Final Report relate to restructuring, the...

Written Answers — Budget Timetable: Budget Timetable (25 Apr 2012)

Michael Noonan: I have reviewed a submission from the National Retail Industry Alliance in relation to the rescheduling of the Budget that raise concerns about the impact of the current Budget timetable on consumer sentiment and Christmas trading volumes. While I have sympathy for their views, there are a number of contributing factors which act as a deterrent from attempting to alter the current Budget...

Written Answers — Promissory Notes: Promissory Notes (25 Apr 2012)

Michael Noonan: As the deputy is aware on 29th March 2012, I made the following statements on the matter to the Dail: "The €3.06 billion of programme funding that would otherwise have been used to make the promissory note payment should potentially allow greater flexibility around when and at what level Ireland returns to the capital markets." It is proposed that IBRC will enter into a repurchase agreement...

Written Answers — National Asset Management Agency: National Asset Management Agency (25 Apr 2012)

Michael Noonan: I presume the Deputy is referring to my statement to the Dáil on 29 March 2012. The money used by NAMA to facilitate a bridging transaction with IBRC and Bank of Ireland was generated from its own resources. The ECB did not provide loans to NAMA to acquire assets from the participating institutions. NAMA issued senior notes to the participating institutions which can be extended annually...

Written Answers — Tax Code: Tax Code (25 Apr 2012)

Michael Noonan: I am advised by the Revenue Commissioners that it is intended to conduct a review of material on the "Tax Relief Scheme for Drivers and Passengers with Disabilities" on the website and information booklets. Any necessary clarifications or amendments will be made. This review will be completed by the end of June.

Written Answers — Consultancy Contracts: Consultancy Contracts (25 Apr 2012)

Michael Noonan: As clarified with the Deputy's office, the question relates to the period since February 2011. My Department has not made any payments to public relations and communications consultants in the period from February 2011 to date.

Written Answers — Banking Sector Regulation: Banking Sector Regulation (25 Apr 2012)

Michael Noonan: Policy in relation to individual credit lending decisions in the covered banks is a matter for the management and board of those institutions. I have no role in the day-to-day commercial and operational decisions of the banks, which include these matters. These decisions are taken by the board and management of the institution. Notwithstanding the fact that the State is a significant...

Written Answers — National Asset Management Agency: National Asset Management Agency (25 Apr 2012)

Michael Noonan: The ECB did not provide loans to NAMA to acquire assets from the participating institutions. NAMA issued Senior Notes to the Participating Institutions which can be extended annually subject to the agreement of the note holders. NAMA has already redeemed €1.25bn of these Notes. I am advised that the objective of the NAMA Board is to redeem all Senior Notes on a phased basis by the end of...

Written Answers — National Asset Management Agency: National Asset Management Agency (25 Apr 2012)

Michael Noonan: The closing date for expressions of interest in appointment to the NAMA Board was 6 March 2012. I can confirm that 24 expressions of interest were received on that date. No further expressions of interest were received after that date.

Written Answers — International Agreements: International Agreements (25 Apr 2012)

Michael Noonan: It is my understanding, following information received from our colleagues in the Danish Finance Ministry, that there is no Danish language version of the bilateral loan agreement with Denmark and that the loan agreement has not been published. The agreement was signed in English. I understand that Denmark's Standard Parliamentary Committee procedures were followed in this case and that...

Written Answers — Consultancy Contracts: Consultancy Contracts (25 Apr 2012)

Michael Noonan: My Department has not engaged any Property Consultants, Surveyors or Estate Agents in the past five years. Most of the buildings occupied by the Department of Finance are leased by the Office of Public Works.