Results 7,781-7,800 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: National Asset Management Agency (21 Nov 2012)

Michael Noonan: NAMA informs me that it cannot provide all the details requested by the Deputy in the time available. NAMA has undertaken to provide me with this information within the next week and, accordingly, I will issue a reply to the Deputy at that stage.

Written Answers — Department of Finance: Tax Reliefs (21 Nov 2012)

Michael Noonan: The position is, as I stated in my Budget day speech on 6 December 2011, and on many occasions in this House since, that mortgage interest relief for principal private residences will no longer be available to house purchasers who purchase after the end of 2012 and will be fully abolished from 2018. This means that a loan will have to be drawn down on or before 31 December 2012 in order to...

Written Answers — Department of Finance: Ministerial Meetings (21 Nov 2012)

Michael Noonan: The information is set out in the table below. Institution No. of meetings Date Attendees Chairman CEO PTSB 3 17 May 2011 10 June 2011 11 July 2012 Previous CEO & Chairman Previous CEO & Chairman CEO Mr Alan Kelly Mr Alan Kelly Mr Kevin Murphy* Mr Kevin Murphy Mr Jeremy Masding* AIB 1 19 Sept 2011 CEO & Chairman Mr David Hodgkinson Mr David Duffy BOI 4 29...

Written Answers — Department of Finance: Exchequer Revenue (21 Nov 2012)

Michael Noonan: Ireland is generally considered to be a particularly open economy with imports accounting for over three quarters of GDP. A considerable share of spending by households and firms leaves the economy on imported goods, while at the same time a considerable share of the outputs of Irish firms is exported abroad leading to payment coming into Ireland. Evidence of the high import content of...

Written Answers — Department of Finance: Semi-State Sector Remuneration (21 Nov 2012)

Michael Noonan: I propose to take Questions Nos. 67 and 68 together. The table sets out the information requested by the Deputy. Semi-State and State agency executives and employees that have salaries of more than €100,000 per year The legislation which established the NTMA in 1990 deliberately positioned it outside of public service structures with operational freedom to negotiate market-competitive...

Written Answers — Department of Finance: Semi-State Sector Remuneration (21 Nov 2012)

Michael Noonan: NTMAemployees are members of the NTMA defined benefit superannuation scheme or else have Personal Retirement Savings Accounts. The pension benefits of members of the NTMA superannuation scheme prior to 1 January 2010 are based on final salary. The pension benefits of members who joined the scheme on or after 1 January 2010 are based on career average earnings. Unlike most public pension...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 1: In page 7, between lines 5 and 6, to insert the following: “ 'chair' has the meaning given by section 55A(2);”.All the amendments I am moving today are technical in nature and none contains any policy content. For this reason, members need not have any concern in regard to policy issues. The Ceann Comhairle was willing to allow the amendments to proceed...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: The Irish League of Credit Unions and its representatives, including its manager, has had ongoing contact with the officials charged with developing this Bill and considering amendments. I am of the view the league is more satisfied with the position now than it was when the initial correspondence was entered into with Deputies from all sides. The league still has some concerns and I hope...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I thank Deputies for their approach to the Bill.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I thank all Deputies for their approach to the Bill. It is important legislation. Even though we have all been very complimentary about the credit union movement it is also true that it did not escape unscathed from the collapse in the financial services industry consequent on the collapse of the construction and building industry. Some credit unions had moved away from their traditional...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: What I am trying to do is clarify the position so that we are not chasing hares due to a misunderstanding. Then, as we go through the amendments, I believe Deputies will be able to isolate genuine areas of concern. If I cannot explain them by way of misunderstanding, then we will look at their concerns for Report Stage.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: Essentially we are looking at a wording that will ensure the credit union movement knows that the interpretation section applies to legislation which is applicable to the credit union movement. After giving Deputies the initial explanations in an attempt to narrow the ground, if we now look at amendments tabled by Deputy Doherty and others, we will refine the ground further, to see what is...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: Yes, but as I said, so that there is no misunderstanding about the interpretation section, that it only applies to legislation which is applicable to credit unions. It is not, by some subterfuge of a couple of words, trying to import legislation which does not apply. It is not that at all. It is just applying what is necessary to apply and then anything that is enacted here is a supplement...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 2: In page 7, to delete line 9.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: This is the definition section. If Deputy McGrath's amendment goes through then everything else falls in the panel the Chairman read out because it is consequent on the definition. We will examine the definition between now and Report Stage to determine whether we can refine it to meet the objective Deputy McGrath has stated, but we will not delete it.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I have no wish for any misunderstanding. Is it the case that the three Deputies who signed the amendment seek a form of words which gives greater assurance that no new provisions will be introduced either by accident or design outside of what is applicable to credit unions already?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: As I understand it, all the other amendments are consequential on the definition amendment and therefore they rise and fall together.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 4: In page 8, line 22, to delete “ 'officer' in relation” and substitute “ 'officer', in relation”.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 5: In page 8, to delete lines 36 to 38.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Credit Union Bill 2012: Committee Stage (21 Nov 2012)

Michael Noonan: I move amendment No. 6: In page 9, between lines 4 and 5, to insert the following: “ 'principal Committee', in relation to a credit union, means a credit committee, credit control committee or membership committee;”.