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National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: This is related to the valuation.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: It is critical that the appointees to the valuation panel have the expertise to ensure grossly overvalued assets are not transferred to the agency. The Minister could have demonstrated to the public that he had deferred to an Oireachtas committee. His arguments do not stand up to scrutiny. He should appoint the panel in consultation with a committee to ensure the public is absolutely...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I move amendment No. 1 to Seanad amendment No. 10: 1. To delete subsection (2) and substitute the following: "(2)(a) Guidelines made under this section may include but are not limited to: (i) credit for start-up enterprises; (ii) the frequency of declined cases and the criteria that has been used to decline cases; (iii) the renegotiation of existing credit lines and the terms that have been...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I welcome the Minister's amendment. In the current circumstances, the amendment needs to be prescriptive. The guidelines should be agreed with the financial institutions before their loans are transferred to NAMA. The guidelines will not work if they are agreed after the transfer of loans. During the debate on Report Stage, the Minister assured the House that the guidelines were not...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I wonder if Richie Boucher knows that.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: We may not get to this amendment and people have major concerns about credit.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: Does this relate to guidelines? I will press the amendment.

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I move amendment No. 1 to Seanad amendment No. 11: In line 2, subsection (1), after "NAMA" to insert "or any group entity of NAMA".

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: I agree with Deputy Burton on the issues. The amendments drafted by the Minister made no reference whatsoever to the SPVs so I tabled an amendment to relate to group entities because I expect that SPVs will do all the work of NAMA and effectively will be NAMA. We could have a situation where the legislation refers to NAMA but people could be employed by the SPVs; the legislation would be...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: Does the Government have approval?

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Kieran O'Donnell: Three amendments are going back.

Written Answers — Redundancy Payments: Redundancy Payments (12 Nov 2009)

Kieran O'Donnell: Question 33: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the time delay in refunding redundancy payments; and if she will make a statement on the matter. [40958/09]

Written Answers — Tax Code: Tax Code (12 Nov 2009)

Kieran O'Donnell: Question 128: To ask the Minister for Finance his plans regarding the taxation of public sector retirement lump sum payments in budget 2010; and if he will make a statement on the matter. [41105/09]

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: The Minister is not responsible.

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: Or the bottle.

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: I wish to share time with Deputy Seymour Crawford.

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: I believe Deputy Gogarty is eating into my time.

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: The one result we got from the Minister for the Environment, Heritage and Local Government, Deputy John Gormley, was the lack of a plan. He spoke of a plan but none was provided by the Government in the Chamber today. The Minister for Finance read out a document that was devoid of a plan. The only item I agreed with was that we know from our experience in the 1980s that we cannot tax our...

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: The Green Party's contribution is fleeting, like a butterfly. It is now leaving.

Pre-budget Outlook: Statements (17 Nov 2009)

Kieran O'Donnell: That is good to hear. The Deputy's party might come back and we will give it more. According to the ESRI, up to half our general Government deficit came about because of unemployment. We cannot come out of this crisis without dealing with the issue of unemployment, getting people back to work and ensuring that employers can keep people in work. We put forward a proposal today which would...

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