Results 1,781-1,800 of 27,019 for speaker:Michael Noonan

Written Answers — Public Sector Employment Policy: Public Sector Employment Policy (17 May 2011)

Michael Noonan: It is a general condition of the Incentivised Scheme of Early Retirement (ISER) that persons availing of this Scheme will not be eligible for re-employment in the same part of the public service. In order to ensure compliance with the provisions of the form of acceptance, Departments and other Public Service employers must inquire of relevant future job applicants if they have availed of the...

Written Answers — Financial Services Regulation: Financial Services Regulation (17 May 2011)

Michael Noonan: At the outset, the Deputy should note that while I have responsibility as Minister for Finance for the development of the legal framework governing financial regulation, the day to day responsibility for the supervision and authorisation of financial institutions is a matter for the Central Bank which is statutorily independent in the exercise of its regulatory functions. I therefore will...

Written Answers — Departmental Schemes: Departmental Schemes (17 May 2011)

Michael Noonan: As I indicated to the Deputy in my previous response of 12th April, the approval of the European Commission is required before the new scheme can be commenced. My officials are engaged in ongoing discussions with the European Commission with regard to the proposed changes. I can assure the Deputy that the scheme will be implemented as soon as possible once approval has been received. However,...

Written Answers — Financial Services Regulation: Financial Services Regulation (17 May 2011)

Michael Noonan: The Central Bank of Ireland's Consumer Protection Code requires that a regulated entity must ensure that in all its dealings with customers and within the context of its authorisation it, inter alia, must: · Act honestly, fairly and professionally and in the best interests of its customers and the integrity of the market; · Act with due skill, care and diligence in the best interests of its...

Written Answers — Banking Sector: Banking Sector (17 May 2011)

Michael Noonan: In excess of 500 expressions of interest were received by the closing date of last Thursday 12th May 2011 in response to the media advertisement of 28th April 2011. I would like to express my appreciation to those individuals who took the time and effort to submit applications. The Deputy will understand that at this early stage it would not be possible to indicate the number of candidates...

Written Answers — Departmental Appointments: Departmental Appointments (17 May 2011)

Michael Noonan: I refer the Deputy to PQ 10416/11 which was answered in written format to the Deputy on Tuesday, 12 May 2011 and which contains the bulk of the information requested. In addition, the individual mentioned in the Deputy's question had the following career history with my Department: Date Position Held in Department of Finance 06/12/93 Appointed Administrative Officer - Budget & Economic...

Written Answers — Prize Bonds: Prize Bonds (17 May 2011)

Michael Noonan: All State Savings money is placed directly with the Irish Government, and repayment of all NTMA State Savings money, which includes principal, interest and bonus payments if due (or, in respect of Prize Bonds, cash prizes), is a direct, unconditional obligation of the Government of Ireland. State Savings is the brand name used by the National Treasury Management Agency (NTMA) to describe the...

Written Answers — Health Insurance: Health Insurance (17 May 2011)

Michael Noonan: The position is that health expenses relief is granted at the standard rate only, in respect of expenses incurred from 1 January 2009 except for nursing home expenses which continue to be granted at the marginal rate (up to 41%). Further information can be found in leaflet IT6 and Tax Briefing 68 on www.Revenue.ie It should be noted that the Finance Act 2010 also allows relief at the...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: The position is that there is no specific proposal in the Programme for Government to means test or tax child benefit payments. However, as a matter of policy, taxation measures are reviewed on a regular basis as part of the annual Budget and Finance Bill process.

Written Answers — Bank Executives' Compensation: Bank Executives' Compensation (17 May 2011)

Michael Noonan: The Deputy may wish to note in relation to the matter of remuneration at the covered institutions that the NTMA have recently, on behalf of my Department, requested the CEOs of each of the covered institutions to review remuneration policy and practices in their institutions. In this context the covered institutions have been requested to consult with my Department in advance of giving any...

Written Answers — Public Sector Pay: Public Sector Pay (17 May 2011)

Michael Noonan: The Financial Emergency Measures in the Public Interest (No.2) Act, 2009 provided for the reduction in remuneration of public servants with effect from 1 January 2010. Section 7 of the Act requires that the Minister for Finance undertake a review of the operation, effectiveness and impact of this Act, having regard to the overall economic conditions in the State and national competitiveness,...

Written Answers — Public Sector Pay: Public Sector Pay (17 May 2011)

Michael Noonan: The Financial Emergency Measures in the Public Interest (No. 2) Act 2009 provides for the reduction in the pay rates of all persons employed by public service bodies within the meaning of the Act with effect from 1 January 2010. Such reductions apply irrespective of whether a particular post is funded in whole or in part through non-Exchequer funds or income. The staff of recognised schools...

Written Answers — Tax Code: Tax Code (17 May 2011)

Michael Noonan: The staff of recognised private fee-paying schools are deemed to be public servants for the purposes of the Financial Emergency Measures in the Public Interest (No. 2) Bill 2009. This position has been confirmed by legal advice. It is of course open to such schools to make a formal application seeking an exemption under Section 6 of the Act from the relevant Minister. The former Minister for...

Written Answers — EU-IMF Programme: EU-IMF Programme (17 May 2011)

Michael Noonan: Ireland is not a member of the G7, and does not participate in its discussions. I therefore have no record of the matter raised in the question. I do understand that there have, from time to time, been discussions about Ireland among various parties. However, Ireland's engagement in relation to our EU/IMF programme of support has been principally with the IMF and the EU institutions, along...

Written Answers — Tax Code: Tax Code (18 May 2011)

Michael Noonan: I recognise that the price of fuel has increased in recent times. The increase in the price of fuel is an international phenomenon. Fuel prices are driven by a number of factors including the price of oil on international markets, exchange rates, production costs and refining costs. The rise in oil prices over recent periods reflected additional factors such as geopolitical uncertainty in...

Written Answers — Tax Code: Tax Code (18 May 2011)

Michael Noonan: As I announced in my Jobs Initiative statement on 10 May 2011, I will be providing in the forthcoming Finance Bill for the Air Travel Tax to be suspended on or after such a day that I may appoint by Ministerial Commencement Order. To be clear, the commencement of this measure is subject to an agreement being reached with the airlines to bring in additional passenger numbers. My colleague, the...

Written Answers — Banking Sector Regulation: Banking Sector Regulation (18 May 2011)

Michael Noonan: The Financial Emergency Measures in the Public Interest (No. 2) Act, 2009 effected reductions in the remuneration of public servants with effect from 1 January 2010. Staff of the financial institutions referred to in the question do not meet the legal definition of public servant set out in this legislation and accordingly the provisions of the Act do not apply to the staff concerned. In...

Written Answers — EU Surveys: EU Surveys (18 May 2011)

Michael Noonan: The European Economic Sentiment Indicator (or ESI) is generated through the amalgamation of the findings of a series of business and consumer sentiment surveys carried out in Member States. It is the European Commission, and not the Member States that is responsible for ensuring that these surveys are carried out. It is my understanding that up to 2007 the component surveys were carried out...

Written Answers — Public Service Pay: Public Service Pay (18 May 2011)

Michael Noonan: Increments within the Public Service vary in terms of timing, cost and application both within and across the various sectors of the Public Service and estimates of cost are of necessity, tentative. It has been estimated that the annual cost in a full year of increments would be around €250 million. However, significantly reduced recruitment and higher numbers on the maxima of scales will...

Written Answers — Programme for National Recovery: Programme for National Recovery (18 May 2011)

Michael Noonan: The Government Programme for National Recovery 2011 - 2016 provides that the Government will establish a new model of financing social interventions - called Social Impact Bonds - that focus on outcomes for particular target groups, and attract private capital to support social provision. The Government will consider how best to establish this new and innovative mechanism and will bring...