Results 1,361-1,380 of 26,021 for speaker:Kieran O'Donnell
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: The Deputy asked the Minister to support the amendment. He is changing his words.
- National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)
Kieran O'Donnell: Will Deputy Gogarty support the amendment?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Deputy Gogarty will be disappointed.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: The handout the Minister issued on NAMA mentioned that on winding up there would be a 10% bonus, but also mentioned a cap of â¬5 million. Does that 10% bonus refer purely to private equity?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Would NAMA be entitled to 10% also?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: I just wanted to clarify that. Special purpose vehicles are quite commonplace in the private sector. The Minister is setting up this SPV in order, technically, to remove the â¬54 billion from the balance sheet. However, credit rating agency, Fitch Ratings, factored in the â¬54 billion that NAMA is taking on board.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: The Minister stated the debt ratio would be 110%
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Going back to the point on the private sector, the Minister is setting up the SPV to get it off the balance sheet. For it to be off the balance sheet, it must satisfy a number of requirements, namely that it is a separate legal entity with autonomy of decision in day to day operations, be able to incur its liabilities on its behalf and have complete accounting information. In a normal case...
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Would a private company not need to have a separate private auditor as well? Will the Comptroller and Auditor General be the group auditor?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: It is a legal requirement.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: I accept the Comptroller and Auditor General will be the group auditor but is there not a requirement for a stand alone audit in respect of the SPV?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Is EUROSTAT satisfied that the Comptroller and Auditor General will be auditing a private vehicle?
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: So none of this has been finalised.
- National Management Agency Bill 2009: Report Stage (Resumed) (4 Nov 2009)
Kieran O'Donnell: Can we see the shareholders' agreement?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: I want to raise a point of order. The Government will guillotine this debate tonight. I am making a plea to the Minister not to do so.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: The key amendments concerning the windfall tax, the surcharge, the bank levy and the guidelines will not be reached.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: We will never get to them. That is not what this House is about.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Will the Minister go to the Chief Whip to get more time to allow us to debate this legislation at length?
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: Why is the Minister guillotining the Bill? This is against democracy. The key amendments have been put to the very end of the list so they will not be debated.
- National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)
Kieran O'Donnell: In the interests of democracy.