Results 8,141-8,160 of 16,537 for speaker:Brian Lenihan Jnr

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: The loans appear as assets on the balance sheet.

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: I thought I had given the Deputy a figure for this earlier.

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: The debate on this amendment has become a Second Stage debate.

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: I am not complaining about it. I am seeking to reply to the best of my abilities.

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: I am not criticising the fact. I am merely commenting on the basis on which I will prepare my reply. I wish to return to the purpose of this amendment. Many harsh things were said, as were many true things, during the debate this afternoon about the banks, shareholders who lost their pension funds investing in these institutions, the quality of the management of these institutions and the...

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: ——and I understand that the Office of the Director of Corporate Enforcement is also examining these issues. I do not have the power to direct CAB or the Office of the Director of Corporate Enforcement.

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: The amendment is not necessary in light of the extensive legal powers which the Office of the Director of Corporate Enforcement has. I am confident the director will conduct a thorough examination of the unacceptable corporate governance practices——

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: ——which have come to light in Anglo Irish Bank and which have rightly caused such grave public concern. It does not come from this House because the Director of Public Prosecutions does not come from this House either. Deputies should know that the director and his staff have shown a strong commitment to their compliance remit and bring parties who have not met their legal obligations...

Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Brian Lenihan Jnr: ——should at his request provide for him any information that may be required. It is essential that these matters are investigated and dealt with and that those responsible are brought to account. With regard to the investigations taking place, in the case of this particular institution the decision of this House to take the bank into State ownership means that a clear blue line can be...

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Brian Lenihan Jnr: I heard the Senator make the point. I will deal with it later in my reply.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Brian Lenihan Jnr: That €10 billion is with a return.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Brian Lenihan Jnr: I will deal with those issues.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Brian Lenihan Jnr: The Senator should not be hard on himself. He is doing well.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Brian Lenihan Jnr: With regard to the misconduct about which Senator Doherty spoke, we have an office of corporate enforcement which is responsible for the enforcement of breaches of company law. A number of Senators have outlined their grave concerns over misconduct in Anglo Irish Bank. It is the function of the Office of the Director of Corporate Enforcement to investigate this matter. I do not transmit...

Written Answers — Car Scrappage Scheme: Car Scrappage Scheme (27 Jan 2009)

Brian Lenihan Jnr: I propose to take Questions Nos. 230 and 231 together. As the Deputies will be aware a car scrappage scheme operated from 1 July 1995 to 31 December 1997, whereby the purchaser of a new car was given a £1,000 refund of VRT where a car 10 year old or more was being scrapped. I have no plans to introduce a car scrappage scheme at this time.

Written Answers — Child Care Services: Child Care Services (27 Jan 2009)

Brian Lenihan Jnr: The Valuation Act 2001, which came into effect on 2 May 2002, provides that all buildings used or developed for any purpose including constructions affixed thereto are rateable. In regard to the Valuation Act, 2001, I should point out that the Commissioner of Valuation is independent in the exercise of his duties under the Act, and that I, as Minister for Finance, have no function in...

Written Answers — Tax Code: Tax Code (27 Jan 2009)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that as a general rule all vehicles imported permanently into the State must register for VRT purposes at a vehicle registration office within seven days of arrival. This rule applies equally to vehicles imported by EU and non EU persons. However, Section 135(a) of the Finance Act 1992 permits a European or other foreign registered vehicle which is...

Written Answers — Tax Code: Tax Code (27 Jan 2009)

Brian Lenihan Jnr: The purchase of land by a Young Trained Farmer qualifies for an exemption from Stamp Duty. A Young Trained Farmer is defined as (a) being under 35 years of age on the date of execution of the deed of transfer and (b) having attained one of the necessary qualifications and, where required, is the holder of the appropriate certificate(s) awarded by the Further Education and Training Awards...

Written Answers — Tax Collection: Tax Collection (27 Jan 2009)

Brian Lenihan Jnr: An application for a refund of Stamp Duty has been submitted to the Stamping Section of the Revenue Commissioners under Section 92B 8(aa) Stamp Duties Consolidation Act 1999. Under this provision, certain conditions must be met to qualify for a refund. I am informed by the Revenue Commissioners that the last correspondence from the applicant's solicitors was on 7 January 2009 and a number of...

Written Answers — Tax Code: Tax Code (27 Jan 2009)

Brian Lenihan Jnr: I announced in Budget 2009 that an air travel tax will come into force in respect of passengers departing from Irish airports on and from 30 March 2009. A general rate of €10 per passenger will apply, with a lower rate of €2 for shorter journeys. The Finance (No. 2) Act 2008 provides for a number of exemptions from the air travel tax including that a disabled person and a person...