Results 11,801-11,820 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: IBRC Legal Cases (4 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 102 and 103 together. I am advised by the Special Liquidators that where proceedings were initiated against IBRC prior to the appointment of the Special Liquidators these awards may rank as an unsecured creditor in the liquidation. I am further advised that awards against the Special Liquidators will be treated as a cost of the liquidation and funded through...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I am advised by the Special Liquidators that where the appointment of advisors or other providers of services is required, IBRC (in Special Liquidation) continues to use the Framework Agreement for engaging such services, put in place through a robust tender process, conducted by the former Management team, prior to Special Liquidation.

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 105 and 107 together. I have been advised the Special Liquidators are currently agreeing all the creditors' claims and it is therefore too early in the liquidation to ascertain the level of unsecured creditors.

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I have been advised by the Special Liquidators that the normal Companies Acts’ priorities will apply in this liquidation process. The proceeds from the disposal of IBRC’s assets will be used to repay creditors in accordance with normal Companies Acts priorities, and consequently preferred creditors will be paid first and then the debt which NAMA has purchased from the Central...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 110 and 111 together. The Special Liquidators are unable to provide an opinion on the solvency or provide the value of the pension funds at the date of their appointment as the funds are held by independent trustees. The Special Liquidators have advised staff that their pensions are controlled by the scheme trustees who will have to independently assess the...

Written Answers — Department of Finance: Insurance Industry Issues (4 Jul 2013)

Michael Noonan: The Deputy should note that UK based insurance companies, such as Premier Insurance are not regulated by the Irish Central Bank and therefore do not fall under the remit of the Irish Financial Services Ombudsman. If a policyholder has a complaint about a UK based insurance company not honouring a claim on a policy, they can refer the matter to the UK financial ombudsman for adjudication....

Written Answers — Department of Finance: International Bodies Membership (4 Jul 2013)

Michael Noonan: In response to the Deputy's question the list of international organisations of which Ireland is a member and which come under the remit of my Department is as follows: The International Monetary Fund (IMF) The World Bank Group which consists of following five institutions: The International Bank for Reconstruction and Development (IBRD) which lends to governments of middle income and...

Mortgage Arrears Proposals: Motion [Private Members] (9 Jul 2013)

Michael Noonan: I move amendment No. 1:To delete all words after "Dail Eireann" and substitute the following:"- acknowledges that this Government inherited a severe mortgage arrears crisis; - recognises that the Government has already taken a number of significant steps to address the mortgage arrears problem; - in particular, acknowledges that the present Government established the Interdepartmental...

Mortgage Arrears Proposals: Motion [Private Members] (9 Jul 2013)

Michael Noonan: While it must be accepted that, in some cases, mortgage debts are so unsustainable that it will be in the best interest of all the parties to surrender the house, in most cases where this happens the surrender takes place on a voluntary basis. However, in the majority of cases of mortgage difficulty, it will be possible to address the problem, in the best interest of all parties, through a...

Written Answers — Department of Finance: Tax Code (9 Jul 2013)

Michael Noonan: Any proposals to maintain the 9% rate into 2014 will be considered in the context of Budget 2014.

Written Answers — Department of Finance: National Car Test (9 Jul 2013)

Michael Noonan: I have been informed by the Revenue Commissioners that as a Foreign Registration Certificate, which is a requirement for registration of used vehicles, was not presented with the vehicle in question at the time of the NCTS appointment, the registration of the vehicle could not be completed. This document gives the technical information for the vehicle, including the date of first...

Written Answers — Department of Finance: EU Budget (9 Jul 2013)

Michael Noonan: The EU budget is mainly financed by contributions from each member State. These comprise ‘traditional own resources’ - principally customs duties collected on behalf of the EU, a VAT related payment under which an agreed percentage is levied on a harmonised VAT base for each member State and finally a balancing component paid according to each member States share of EU Gross...

Written Answers — Department of Finance: Prize Bonds (9 Jul 2013)

Michael Noonan: Officials of my Department are exploring with the National Treasury Management Agency (NTMA) whether or not exemptions available under the Third Money Laundering Directive (2005/60/EC) and its Implementing Directive (2006/70/EC) may be applied to small value purchases of prize bonds facilitated on behalf of the State by An Post and the Prize Bond Company.

Written Answers — Department of Finance: Single Euro Payments Area (9 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 146 and 178 together. The aim of the Single Euro Payments Area (SEPA) project is to create a single market for euro-denominated retail payments. SEPA is an EU initiative that will change the way that these payments are processed across Europe. SEPA will allow payment systems users to make euro-denominated retail electronic payments to payees located in any...

Written Answers — Department of Finance: Banking Sector Investigations (9 Jul 2013)

Michael Noonan: Like every citizen in this country who is working hard to restore the Irish economy I am deeply disturbed by the taped conversations involving these Anglo executives in 2008 and dismayed to hear senior banking executives refer to the banking crisis with such arrogance. The Irish taxpayer has grimly endured the austere cost of the bank recapitalisation and the bank guarantee. They are...

Written Answers — Department of Finance: Central Bank of Ireland IT Operations (9 Jul 2013)

Michael Noonan: I am informed by the Central Bank that as a result of facilities works at the HP Santry data centre on 21st June, a power interruption lasting 15 minutes took place. The impact was minor and did not interrupt any business service of the Central Bank. I am also informed that migration to the HP data centre is in its early stages and the bulk of services are not yet live. Accordingly, it was...

Written Answers — Department of Finance: Property Taxation Administration (9 Jul 2013)

Michael Noonan: The Finance (Local Property Tax) Act 2012, as amended, provides for the charging of interest on overdue taxes at a daily rate of 0.0219 per cent per day, just under 8% per annum, the same as the rate chargeable in relation to other taxes under the care and management of the Revenue Commissioners. The legislation provides for the possibility of full or partial deferral in certain defined...

Written Answers — Department of Finance: Property Taxation Application (9 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 150 and 152 together. Based on the information supplied by the Deputy it is not possible to provide a definitive reply to these questions. However, the following information may be relevant. The Finance (Local Property Tax) Act 2012 provides for the possibility of deferring all or part (50%) of the LPT charge in cases where certain specified conditions...

Written Answers — Department of Finance: Property Taxation Administration (9 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that as the Local Property Tax (LPT) is a self-assessed tax it is a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. For the purposes of LPT, values for properties under €1 million are organised into valuation bands, with an initial band from €0 to...

Written Answers — Department of Finance: Appointments to State Boards (9 Jul 2013)

Michael Noonan: Mr David Begg's appointment in 1995 to the Board of the then Central Bank and Financial Services Authority of Ireland (CBFSAI) was in the context of his role as General Secretary of the Irish Congress of Trade Unions.