Results 5,541-5,560 of 6,295 for speaker:Michael D'Arcy

Seanad: Finance Bill 2018: Committee Stage (5 Dec 2018)

Michael D'Arcy: We discussed this recommendation earlier with recommendation No. 6.

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: I thank Deputy Michael McGrath for the work he has done on the Bill. The Government welcomed the Bill and committed to working with Deputy McGrath, who initiated it in the Dáil, to make it more effective than it was when it started out. The Bill is quite short but it is very technical. The principle behind the Bill is that loan owners who purchase loan books will require authorisation...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: I thank the Senators for their contributions. It is wrong to say that this Government has done nothing for people who find themselves in difficulty with a bank or somebody who has that loan sold onto a fund. There have been 17 actions and Bills to deal with this, beginning with the CCMA, and this is No. 18. We have a structure in Ireland that is historic in nature. We have a psychological...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: That is the case and nobody wants to see anybody's property repossessed.

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: It is indeed and it always was going back to before the Famine. However, there are circumstances in which we are down to the hard cases. I have made the point previously that the legislation that is most relevant and not used much here is the insolvency legislation. Some people find themselves insolvent in respect of their property and there are no circumstances in which they can afford to...

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: The point I am making is that they can start again.

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Michael D'Arcy: Someone who is insolvent and never coming out of insolvency will have an opportunity to go back to zero and start again, which is good. It is not used in our jurisdiction because it is a stain on somebody's character to go bankrupt. However, other jurisdictions have moved beyond that psychological barrier and people have the opportunity to restart and get going again. As a teenager in the...

Central Bank (National Claims Information Database) Bill 2018: Order for Report Stage (6 Dec 2018)

Michael D'Arcy: I move: "That Report Stage be taken now."

Central Bank (National Claims Information Database) Bill 2018: Report and Final Stages (6 Dec 2018)

Michael D'Arcy: I move amendment No. 1:In page 5, line 27, to delete “or”. We had a fruitful discussion and consideration of the issues on Committee Stage last week, including discussion on several proposed amendments. On foot of that consideration and an amendment proposed by Deputy Doherty relating to the inclusion of mediation as one of the settlement channels detailed in section 4, I...

Central Bank (National Claims Information Database) Bill 2018: Report and Final Stages (6 Dec 2018)

Michael D'Arcy: I move amendment No. 2:In page 5, between lines 27 and 28, to insert the following:“(g) mediation (within the meaning of the Mediation Act 2017), or”.

Central Bank (National Claims Information Database) Bill 2018: Report and Final Stages (6 Dec 2018)

Michael D'Arcy: Now.

Central Bank (National Claims Information Database) Bill 2018: Report and Final Stages (6 Dec 2018)

Michael D'Arcy: I thank everyone for their help in concluding the Bill. This is the second occasion that important insurance legislation has been moved through the Houses. I hope that we will move this through the Seanad next week. I wish to put on record that I will meet the Garda Commissioner next week to discuss the establishment of an insurance section within the Garda National Economic Crime...

Irish Film Board (Amendment) Bill 2018: Committee and Remaining Stages (11 Dec 2018)

Michael D'Arcy: The Deputy has the floor.

Irish Film Board (Amendment) Bill 2018: Committee and Remaining Stages (11 Dec 2018)

Michael D'Arcy: The Deputy should keep going for another 30 minutes, perhaps.

Finance (African Development (Bank and Fund) and Miscellaneous Provisions) Bill 2018: Order for Report Stage (11 Dec 2018)

Michael D'Arcy: I move: "That Report Stage be taken now."

Seanad: Finance Bill 2018: Report and Final Stages (11 Dec 2018)

Michael D'Arcy: Section 59 contains technical amendments intended to facilitate improvements to the tax appeal process. This recommendation seeks to retain one of the provisions that is being removed from the Taxes Consolidation Act, namely, section 949AG. Section 949AG was intended as a replacement for a small number of tax provisions identified as part of a reformed tax appeal system. However, it has...

Seanad: Finance Bill 2018: Report and Final Stages (11 Dec 2018)

Michael D'Arcy: A Programme for a Partnership Government sets out a commitment to developing a process of budget policy proofing as a means of advancing equality, reducing poverty and strengthening economic and social rights. In addition to considering the level of expenditure, equality budgeting focuses on how money is spent and the impact it has, and it considers tax forgone. In his budget 2019 statement...

Seanad: Finance Bill 2018: Report and Final Stages (11 Dec 2018)

Michael D'Arcy: The sustainable development goals were adopted in 2015 by 193 UN members, including Ireland, and consist of 17 high-level goals and 169 targets. While not legally binding, both developed and developing countries are expected to take ownership and establish national frameworks for achieving the goals by 2030. A senior officials group led by the Department of Communications, Climate Action and...

Seanad: Finance Bill 2018: Report and Final Stages (11 Dec 2018)

Michael D'Arcy: Senators may be aware that during the response to amendments of a similar nature during Committee Stage in the Dáil, the Minister, Deputy Donohoe, advised that officials in the Department of Finance have already commenced further work to examine the activities of IREFs and REITs in the Irish property market. It was previously agreed by the Dáil on Committee Stage of the Finance Act...

Seanad: Finance Bill 2018: Report and Final Stages (11 Dec 2018)

Michael D'Arcy: Senator Devine is very good at seconding.