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Joint Oireachtas Committee on Transport and Communications: Concert Licensing: GAA and Aiken Promotions (16 Jul 2014)

Sean Barrett: Is it much higher?

Joint Oireachtas Committee on Transport and Communications: Concert Licensing: GAA and Aiken Promotions (16 Jul 2014)

Sean Barrett: The decision to hold five shows seems to have been made around 30 January; the application was made on 17 April and the reply issued on 2 July. This meant that there were fans going around for six months with tickets for an event which was subject to licence. The term "subject to licence" must be qualified. When the Chairman gets committee members together after the delegates leave, that...

Joint Oireachtas Committee on Transport and Communications: Concert Licensing: GAA and Aiken Promotions (16 Jul 2014)

Sean Barrett: It would require the city council to agree, would it not? It is not willing to agree.

Joint Oireachtas Committee on Transport and Communications: Concert Licensing: GAA and Aiken Promotions (16 Jul 2014)

Sean Barrett: Is there any useful information in the questionnaires mentioned by Mr. Duffy?

Joint Oireachtas Committee on Transport and Communications: Concert Licensing: GAA and Aiken Promotions (16 Jul 2014)

Sean Barrett: If there is good news in them, perhaps a copy of the information might be sent to the Chairman.

Seanad: Order of Business (17 Jul 2014)

Sean Barrett: I echo what Senator Bacik has said. This is the last Order of Business in this term. I thank the Leader, the Deputy Leader and leaders of all of the groups for their courtesy, efficiency and thoroughness with which they conducted the business of the House. We are very proud of this House and acknowledge the debt owed to its Leader. I thank the Cathaoirleach, as always, and his staff for...

Seanad: Order of Business (17 Jul 2014)

Sean Barrett: Hear, hear.

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I move amendment No. 2: In page 6, between lines 16 and 17, to insert the following:"(j) to avoid procyclical investment cycles.".I welcome the Minister to the House. When he was explaining the thrust of these proposals to us the last day, he placed great emphasis on the importance of avoiding pro-cyclical investment cycles. However, this objective is not included in the purposes of the...

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I am very much indebted to the Minister and for that reason I will withdraw my amendment.

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I move amendment No. 4: In page 8, line 9, after “credit” to insert “other than in personal loans, financial intermediation and for investment in property”.I welcome the Minister back to the House. The Minister's formulation of words refers to "the provision of, additional credit in a prudent manner". My amendment was sent in before I heard the Minister's remarks...

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I move amendment No. 5: In page 9, to delete line 38.The purpose of the amendments is to afford the Minister the option of a mixed model rather than the current set-up as stated in the Bill, which states: "The Minister shall be the sole shareholder." I commend him on getting AIB and KfW involved. Does a mixed model facilitate the Minister in the goals we share? That is the purpose of the...

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I thank the Minister for his reply. The objective was that they might help the Bill, and I accept his response that they are not helpful at this stage. I wish to give notice that I shall not move amendments Nos. 6 and 8, as both have been covered by the Minister's reply to this amendment.

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I move amendment No. 10: In page 13, between lines 19 and 20, to insert the following:"(5) No letters of comfort will be issued pertaining to Ministerial guarantees under this section.".The purpose of this amendment, which relates to ministerial guarantees, is to rule out the kind of informality that has been criticised by the Comptroller and Auditor General and the Committee of Public...

Seanad: Strategic Banking Corporation of Ireland Bill 2014: Committee Stage (17 Jul 2014)

Sean Barrett: I thank the Minister for his reply. As he has said, this is being provided for on a much firmer basis. It would be a great day for the country if the Oireachtas were never to mention "letters of comfort" again and if they were not to exist anymore.

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: I move amendment No. 1: In page 11, line 22, after “has” to insert “appropriate qualifications and”.I welcome the Minister of State, who hit the ground running the other day, as the phrase has it. What he is trying to do in this Bill is most important in that we are trying to set up a new institutional framework to repair what happened to us in the past. It has...

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: We must do things differently. Mr. Bob Wright referred to problems such as people operating in silos and projects not being properly examined, leaving us with a project that did not generate a return, with the debt incurred mounting up all the time. There must be a radical change. I was pleased to hear what the Minister of State had to say because we cannot have a repeat of what happened...

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: I thank the Minister of State for his response. I would point to two words beginning with A, "analysis" rather than "advocacy". A great number of the project appraisals I have looked at have been prepared by the promoters. I am glad the Minister of State has put in that extra layer. They may be good, but let us not give them a free run at the Exchequer. Just because somebody in a...

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: I move amendment No. 7: In page 27, between lines 21 and 22, to insert the following:"(c) any expenditure under the Public Capital Programme.".This is an enabling section. It provides that "[t]he Agency may [provide, at] the request of any Minister of the Government ... advisory services or project management services". Would it be of use to the Minister if we were to add in the words "any...

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: I thank the Minister for his response. I will not be pressing these amendments.

Seanad: National Treasury Management Agency (Amendment) Bill 2014: Committee and Remaining Stages (17 Jul 2014)

Sean Barrett: I move amendment No. 9: In page 29, line 18, after “to” to insert “or from”.This refers to the functions of the agency to enter into a public private partnership arrangement with a view to transferring the rights and obligations under such an arrangement to any State authority. I wondered if the Minister would on occasion need to go in the opposite direction. At...

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