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Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The practices are outlined in the circulars. The circulars contain the guidelines.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The question whether a practice is observed is a matter of legitimate parliamentary investigation, and can be dealt with in the normal way. The Committee of Public Accounts is discussing the activities of FÁS this morning and the board of FÁS discussed these matters yesterday evening. It is not normal for the Government to reaffirm its confidence in the very many boards that exist under...

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: A review of the National Pensions Reserve Fund was announced in my budget speech and has been completed by Mr. Maurice O'Connell, a former Secretary General of the Department of Finance and Governor of the Central Bank. I am studying the conclusions of that review and no decision has been taken on legislation to date. On the issue of the possible use of the NPRF, I have indicated at all...

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: I have made that clear in recent days. Any such source and any such investment ——

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: We must be assured that any such investment is in the public interest.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: It must be in the interests of the people of this State and of the maintenance of the banks as viable credit institutions. I have not ruled out co-investment by the State in support of any such private investment and the State is not committed to any particular private investor.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: I especially welcome the announcement that a fresh consortium emerged yesterday.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: There is no legislation promised. On the general suggestion, I wish to make the point that while private interests can, of course, express an interest in investing in banks and financial institutions, that does not mean that the State is committed to any of them. Our duty, on this side of the House, is to ensure the banks are operated in the public interest and provide credit for the economy.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The Fines Bill is before the House on Second Stage. It is intended to publish the industrial development Bill in this session. The health information Bill is on public consultation at present, prior to the approving of the text.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: No we did not.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The legislation will be finalised in the next few weeks. The document in question was prepared subsequent to the Government decision and was circulated to the Department of Health and Children. The focus of the document was concern about whether the necessary savings would be effected on foot of the Government decision.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: The three Departments are now preparing the relevant heads of the Bill and they will have agreed the heads shortly. The Attorney General has taken a personal interest in the matter, as Deputy Stagg outlined. The Bill will then have to be drafted as a matter of urgency. With regard to the lead Department, the Department of Justice, Equality and Law Reform is the current lead Department. I...

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: This Bill will be ready next year.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: I do not know if it is in order.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: I am not aware of any promised legislation.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: It is not possible at this stage to indicate when the national monuments Bill will be published.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: I reflected on Deputy Michael D. Higgins's earlier comments. The cluster munitions legislation is before the Seanad. It is not clear to me that the matter raised by the Deputy arises under that legislation. Under the bank guarantee scheme, I have powers to remind the financial institutions of their social obligations. I will draw the Deputy's comments to their attention.

Order of Business (27 Nov 2008)

Brian Lenihan Jnr: It is expected that the Bill will be published in the middle of next year. Heads of the Bill have been approved by the Government.

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: The position is that the income levy will apply at a rate of 2% only on the income in excess of €100,100 but below €250,120 and at a rate of 3% only on the income in excess of €250,120.

Written Answers — Tax Code: Tax Code (27 Nov 2008)

Brian Lenihan Jnr: The position is that those with an entitlement to the medical card will be exempt from the income levy.

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