Results 7,561-7,580 of 18,851 for speaker:Fergus O'Dowd

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: To be helpful to the Deputy, the regulation applies under the Ethics in Public Office Act. It is obliged in that respect under the Act.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: Only if he or she has the legal authority to do so under existing legislation relating to the specific body.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: If that authority does not exist in primary legislation, it cannot be done.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: Deputies have posed many good questions. As I have addressed this issue earlier, I do not propose to respond to all of the different issues raised. Taking the last point first, whatever powers exist in the legislation establishing the designated body, which powers differ in respect of each agency, are the only powers that currently exist. The Minister cannot do anything which supersedes or...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: I take the point the Deputy is making, but it would be a matter for the primary legislation setting up the body. The regulations and laws in regard to the body would apply. That is the issue and not this legislation. This legislation only enables the Minister to ask NewERA to advise. If one examined each body to get the facts on all the relevant issues from the line Department, one could...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: Every case is different.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: There has been legislation. I am trying to be helpful. Legislation on the sale was debated in the House because the law required that there would have to be a full debate when that body was set up. Other bodies were able to sell portions of property without such legislation going through the Oireachtas. In no case was there not a debate.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: Exactly.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (8 Jul 2014)

Fergus O'Dowd: May I make one final contribution?

Written Answers — Department of Communications, Energy and Natural Resources: Pension Provisions (8 Jul 2014)

Fergus O'Dowd: Matters in relation to pension payments are, in the first instance, an operational matter for Inland Fisheries Ireland (IFI). Pension payments by public bodies are made in accordance with the terms of the pension scheme in operation in each instance and the relevant legislative framework.  In this regard, I have asked IFI to contact the...

Written Answers — Department of Communications, Energy and Natural Resources: Wildlife Conservation (8 Jul 2014)

Fergus O'Dowd: I can inform the Deputy that catch and release angling is being undertaken on the Suir in 2014 and the rod catch, combined with a rod exploitation rate and catch data over the previous four years will be used by the Standing Scientific Committee for Salmon (SSCS) to provide a salmon stock assessment for the Suir in 2014. The Stillwaters Consultancy letter notes that higher proportions of...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: Deputy Deasy has summarised what I was going to say. The Ireland strategic investment fund, ISIF, is money spent on joint ventures. A number of criteria apply to it, one of which is that the majority holding cannot be in the hands of the State. There must be a public-private partnership, which is not something new for the National Development Finance Agency, NDFA, which is part of the...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: I will answer the questions very simply-----

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: Deputy McGrath is still young.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: I cannot hear him anyway. The green document contains what Deputy Higgins put down in his amendment and I have two minutes to reply to it.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: In fairness, if I can speak, I am trying to do so. I understand I have a time limit and I will be as clear and simple as possible in my communications. What is this legislation doing? I hope the Deputies will vote for it because it will allow €6.9 billion of capital which is invested outside the State to come back into the country to work to create jobs. Furthermore, it will...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: In fairness, I did not interrupt the Deputy.

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: I am entitled to make my point. Both sides of the House want this to happen and agree that the more money that is invested the better. I have no problem with doubling the money. If the State invests X and a private enterprise invests X, then X + X = 2X. This is the reality. The law the House is passing tonight and that I hope the Opposition will support does exactly what the Deputies...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: I move amendment No. 12:In page 39, to delete line 36 and substitute the following: "(a) an investment made by the Agency pursuant to a direction under section 42 or 47(4)(b) or the proceeds held by the Agency pursuant to a direction under section 47(4)(c),".Amendments Nos. 12 and 25 are technical amendments related to the directed investments in the banks made by the NPRF commission at the...

National Treasury Management Agency (Amendment) Bill 2014: Report Stage (Resumed) (9 Jul 2014)

Fergus O'Dowd: Deputy Higgins has it up there.