Results 9,261-9,280 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Credit Unions Regulation (28 Feb 2013)

Michael Noonan: I have been informed by the Registrar of Credit Unions that it has been necessary to put lending restrictions in place in credit unions where there are regulatory concerns about the operation of these individual credit unions and the resultant risk to members’ savings. The number of lending restrictions is a reflection of the Registrar of Credit Union’s concerns about lending...

Written Answers — Department of Finance: Unfinished Housing Developments (28 Feb 2013)

Michael Noonan: NAMA advises that it has no current plans to demolish further developments but that this may be considered as a means of reaching resolution on properties where the development is, for reasons including economic and structural considerations, not viable. Decisions will be made on a case by case basis as part of the Site Resolution Plan process to be agreed with each relevant local authority....

Written Answers — Department of Finance: NAMA Portfolio (28 Feb 2013)

Michael Noonan: I am advised that the square footage of office space controlled by NAMA is not publically available. However NAMA provides a breakdown, by value and classification, of properties securing its loans in its 2011 Annual Report, which is available on its website, www.nama.ie. NAMA has indicated that it expects to advance, on a commercial basis, at least €2 billion in development capital...

Written Answers — Department of Finance: NAMA Operations (28 Feb 2013)

Michael Noonan: NAMA advises that its role in relation to properties is that of a secured lender and that applications of the nature referenced by the Deputy are made by the owner of these properties or, in the case of enforcement, by appointed insolvency practitioner on their behalf.

Written Answers — Department of Finance: Economic Growth (28 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 95 and 104 together. The agreement to replace the promissory notes with long-dated sovereign bonds will have many benefits for Ireland. From an economic perspective, one of the key benefits is in helping to restore confidence - the confidence of households, the confidence of firms and the confidence of the international community - although it is...

Written Answers — Department of Finance: Economic Competitiveness (28 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 96 and 97 together. Substantial progress has been made in terms of improving our competitiveness. Relatively lower price inflation in recent years means that Irish price levels have fallen relative to our major trading partners. For instance, in 2012 HICP inflation for Ireland was 2.0 per cent, lower than the euro area average of 2.5 per cent. This trend...

Written Answers — Department of Finance: Credit Availability (28 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 98, 99 and 101 together. The Government recognises that SMEs are the lifeblood of the economy and will play a vital role in the recovery of employment growth in our country. One of the key priorities of the Programme for Government is to ensure that an adequate pool of credit is available to fund SMEs in the real economy during the restructuring and...

Written Answers — Department of Finance: House Repossessions (28 Feb 2013)

Michael Noonan: I propose to take Questions Nos. 102 and 103 together. The Central Bank has provided me with the following figures which show the number of PDH properties taken into banks’ possession in each quarter since 2009 Q3. This is when the Central Bank started collecting this data. PDH Q3 2009 Q4 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 Q1 2011 Q2 2011 Q3 2011 Q4 2011 Q1 2012 Q2...

Finance (Local Property Tax) (Amendment) Bill 2013: Second Stage (1 Mar 2013)

Michael Noonan: I move: "That the Bill be now read a Second Time." The Finance (Local Property Tax) Bill 2012 was enacted into law following its signature by the President on 26 December 2012. I signed the commencement order bringing the Act, other than sections 19 to 21, inclusive, into operation with effect from 1 January 2013. Sections 19 to 21, inclusive, which relate to the local adjustment factor...

Finance (Local Property Tax) (Amendment) Bill 2013: Second Stage (1 Mar 2013)

Michael Noonan: Deputy Ross would be a good judge of political contortions.

Finance (Local Property Tax) (Amendment) Bill 2013: Second Stage (1 Mar 2013)

Michael Noonan: The local property tax will deliver significant structural reform through broadening the base for taxation in a manner that does not directly affect employment, and will thereby contribute significantly to meeting the immediate financial requirement of the EU-IMF programme. It will provide a stable funding base for the local authority sector, incorporating appropriate elements of local...

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: Deputies have spent another half hour making Second Stage speeches and yet they are objecting to how we are taking Committee Stage.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: It is another series of Second Stage speeches.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: Committee Stage is to improve legislation.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: I have listened to the Deputies.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: Everything in the Bill arises because I was listening to the Deputies and we had that debate before Christmas. Every amendment is to ease the situation as suggested by Deputies.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (5 Mar 2013)

Michael Noonan: Deputies are not prepared to have a proper Committee Stage.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (Resumed) and Remaining Stages (5 Mar 2013)

Michael Noonan: As Deputies in the Opposition are free to use the time available as they see fit as long as the Leas-Cheann Comhairle deems it to be in order, I have no objection to how people use that time. I will address the first suggestion that, since time is being restricted, there is insufficient time to debate the Bill. The Finance (Local Property Tax) Act 2012 was passed by the Dáil and the...

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (Resumed) and Remaining Stages (5 Mar 2013)

Michael Noonan: Members should check the record.

Finance (Local Property Tax) (Amendment) Bill 2013: Committee Stage (Resumed) and Remaining Stages (5 Mar 2013)

Michael Noonan: The debate had collapsed.