Results 8,981-9,000 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Irish Bank Resolution Corporation (19 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 237, 249 and 273 together. Eligible deposits in IBRC are covered by the joint safeguards of the Deposit Guarantee Scheme (DGS) and/or the Eligible Guarantee Scheme (ELG). Eligible deposits of up to €100,000 for an individual and €200,000 for individuals with a joint account in IBRC are protected by the DGS. Eligible deposits above this...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (19 Feb 2013)

Michael Noonan: The Special Liquidators were appointed to Irish Bank Resolution Corporation Limited (the "Bank") pursuant to the Special Liquidation Order of 7th February 2013 (the "order") and they are in the process of progressing the special liquidation pursuant to the order. The Special Liquidators are currently establishing the composition of and the ownership structure of the subsidiaries of which...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (19 Feb 2013)

Michael Noonan: As the Deputy will be aware, on 7 February 2013 the Oireachtas passed legislation (Irish Bank Resolution Corporation Act 2013), appointing joint Special Liquidators to IBRC with immediate effect to wind up its business and operations. At this early stage of the special liquidation the Special Liquidators are engaged in intensive processes which involve inter alia, asserting control over the...

Written Answers — Department of Finance: Irish Bank Resolution Corporation (19 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 240 and 255 together. Following the liquidation, all employment contracts in the Republic of Ireland have been terminated, including those of the former Senior Executives. The Special Liquidators have confirmed that the majority of staff, including some senior executives, have been re-employed on short term contracts to assist in the liquidation. ...

Written Answers — Department of Finance: Mortgage Arrears Proposals (19 Feb 2013)

Michael Noonan: The Government is aware of the significant difficulties some homeowners are facing in meeting their mortgage obligations and it is committed to advancing appropriate measures to assist those mortgage holders who are experiencing real and genuine difficulty. A special Government Sub-Committee is already in place since March last year to address the mortgage arrears problem. This Committee is...

Written Answers — Department of Finance: Tax Collection (19 Feb 2013)

Michael Noonan: I am advised by the Revenue Commissioners that a letter issued from their Galway office on the 18th January 2013 to the taxpayer requesting that he complete Form 12S tax returns for the years 2010 and 2011, in respect of his Department of Social Protection pension and any other income not previously reported to Revenue. This form will also give the taxpayer the opportunity to claim any tax...

Written Answers — Department of Finance: Tax Reliefs (19 Feb 2013)

Michael Noonan: I am informed by the Revenue Commissioners that they have not received an application from the person in question for the married person's tax credit. In order for Revenue to determine whether the couple in question are entitled to the married person's tax credit, they should make an application to North City Revenue District, 14/15 Upper O’Connell Street, Dublin 2, telephone number...

Written Answers — Department of Finance: Tax Credits (19 Feb 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that a tax credit certificate for 2013 has now issued to the person concerned.

Written Answers — Department of Finance: Ministerial Appointments (19 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 245, 246 and 247 together. In response to the Deputy's question the information in relation to appointments made by me since March 2011 are as follows: Disabled Drivers Medical Board of Appeal Name of appointee/ Date of appointment or reappointment Qualifications Appointment process Dr Angela McNamara 07 Nov 2011 Medical Doctor There was no public...

Written Answers — Department of Finance: Tax Code (19 Feb 2013)

Michael Noonan: I have been advised by the Revenue Commissioners that they have no record of a request for a P21 for the person concerned. The Revenue Commissioners have written to the person concerned requesting certain information. A review will be carried out on receipt of the details required.

Written Answers — Department of Finance: Irish Bank Resolution Corporation (19 Feb 2013)

Michael Noonan: Eligible deposits in IBRC are covered by the joint safeguards of the Deposit Guarantee Scheme (DGS) and/or the Eligible Guarantee Scheme (ELG). Eligible deposits of up to €100,000 for an individual and €200,000 for individuals with a joint account in IBRC are protected by the DGS. Eligible deposits above this limit are guaranteed under the ELG. The majority of the deposits in...

Written Answers — Department of Finance: Banks Recapitalisation (19 Feb 2013)

Michael Noonan: The Deputy will be aware that the State has injected €875m of capital into the EBS Building Society (EBS) in order for it to meet regulatory requirements. Of this total amount, €625 million was by way of two separate subscriptions for Special Investment Shares, while €250 million was provided by means of a Promissory Note. The terms of the EBS Promissory Note provide,...

Written Answers — Department of Finance: NAMA Bonds (19 Feb 2013)

Michael Noonan: The Deputy will be aware that a Ministerial Direction issued to NAMA pursuant to Section 13 (1) of the Irish Bank Resolution Corporation Act 2013 on 7th February requires it to enter into a Deed of Assignment and Transfer with the Central Bank of Ireland on or about 22nd February 2013. The purchase price specified in this Deed had not been finalised with the Central Bank as of 18th February...

Written Answers — Department of Finance: IBRC Liquidation (19 Feb 2013)

Michael Noonan: It is too early in the process to speculate on the potential financial outcome of the liquidation process. However, I can confirm to the Deputy that due consideration was given, in preparatory work on the liquidation of IBRC and the legislation passed earlier this month, to ensuring the best possible outcome for the Irish taxpayer. As part of the role of the liquidators, the assets of IBRC...

Written Answers — Department of Finance: IBRC Liquidation (19 Feb 2013)

Michael Noonan: The repurchase transaction entered into by Bank of Ireland and IBRC was a commercial agreement and had been explained to the Bank’s shareholders in a comprehensive 89 page circular sent to shareholders, with the transaction having been approved by shareholders at an EGM. The State, having been deemed a Related Party to the transaction, under Stock Exchange rules, did not vote its 15%...

Written Answers — Department of Finance: IBRC Liquidation (19 Feb 2013)

Michael Noonan: The Minister for Finance in a Direction issued to NAMA pursuant to Section 13 (1) of the Irish Bank Resolution Corporation Act 2013 on 7th February required it to enter into a Deed of Assignment and Transfer with the Central Bank of Ireland on or about the 22nd February 2013. The intention is that NAMA will execute the Deed of Assignment and Transfer during the week beginning 18th February...

Written Answers — Department of Finance: IBRC Liquidation (19 Feb 2013)

Michael Noonan: At the time of the IBRC liquidation the funding agreements in place between IBRC and the Central Bank of Ireland with respect to ELA consisted of the Special Master Loan Repurchase Agreement and the Facility Deed. The amount of funding advanced to IBRC at the time of liquidation was c.€40 billion. There was no funding advanced to IBRC under the Master Loan Repurchase Agreement when...

Written Answers — Department of Finance: IBRC Expenditure (19 Feb 2013)

Michael Noonan: At the time of the IBRC liquidation the funding agreements in place between IBRC and the Central Bank of Ireland with respect to ELA consisted of the Special Master Loan Repurchase Agreement and the Facility Deed. There was no funding advanced to IBRC under the Master Loan Repurchase Agreement when IBRC was put into liquidation. Previously, part of the ELA outstanding was secured by loan...

Written Answers — Department of Finance: Departmental Correspondence (19 Feb 2013)

Michael Noonan: It is the policy of my Department to publish as much correspondence as possible where the publication of the correspondence is in the public interest and where it is reasonably practicable to do so. However, as the Deputy can appreciate, occasions can arise where it is not possible to publish all the records held by the Department. For example under Section 24(2)(e) of the Freedom of...

Written Answers — Department of Finance: Mortgage Debt (19 Feb 2013)

Michael Noonan: The Deputy will be aware that the Personal Insolvency Act was signed into law by the President on the 26 December 2012. The Personal Insolvency Act amends existing bankruptcy law and also introduces new frameworks for the formal consideration and possible settlement of unsustainable debt situations, including the Personal Insolvency Arrangement which will deal with secured debt, outside of...