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Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Ivor Callely: I am not sure whether I should raise this point on this section or when we reach the end of Chapter 4. I take the opportunity to bring to the attention of the Minister and his departmental officials an issue which I have been raising with the Department for some time, that is, capital allowances which are dealt with in Chapter 4 - section 36. It includes corporation tax which are dealt with...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Ivor Callely: We are dealing with the chapter that deals with capital allowances and section 43 deals with corporation tax, which I have just referred to, as regards the matter of a limited company. I was concluding on what I understand to be the financial aspect. I want to tell the Minister of State that if we read the Department of Health and Children policy with regard to the provision of long-stay...

Seanad: Finance Bill 2010 (Certified Money Bill): Committee Stage. (25 Mar 2010)

Ivor Callely: I echo the comments of the Minister of State, Deputy Calleary, in respect of what the Government has done in the area of research and development. Senator Donohoe raised a very important issue and I welcome the response from the Minster of State indicating he will consider the matter. As Senator Quinn stated, it is possible to trip over things of this nature. Senator Donohoe appears to...

Seanad: Finance Bill 2010 (Certified Money Bill): Report and Final Stages. (25 Mar 2010)

Ivor Callely: I have already indicated my support for Senator Donohoe's recommendations. We need to do everything we can to support the smart economy, innovative start-up companies and intellectual property rights. I intend to communicate with the Minister for Finance on the issue of liquidation, although I accept it is more relevant to company law than the Department of Finance. In regard to the...

Seanad: Order of Business. (30 Mar 2010)

Ivor Callely: I very much welcome the progress made on the issue of public service reform and congratulate all those involved in the Croke Park talks. I hope the level of support required to close this chapter and move on can be delivered. The €20 billion rescue package for the banking system is deemed necessary. I look forward to the announcement on the issue which the Minister for Finance, Deputy...

Seanad: Order of Business. (30 Mar 2010)

Ivor Callely: The attitude of certain banking officials towards customers in choosing to increase interest rates and squeeze their customers is a bridge too far. Many families are on the edge and need consideration, compassion and support. A debate is required on the impact of the actions of financial institutions on individuals and small and medium-sized enterprises. We must support individuals and...

Seanad: Order of Business. (31 Mar 2010)

Ivor Callely: It is with interest that I hear my colleagues talk about events in the financial and banking sector. I look forward to the debate in the House today, in which I hope to be able to participate. The rescue package announced yesterday by the Minister for Finance, Deputy Brian Lenihan, proves that we are facing up to the current difficulties in the banking sector, have acknowledged the large...

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: I listened with interest to the comments of Senators on Anglo Irish Bank, in particular those of my good friend and colleague, Senator Alex White. It is great to be able to pose retrospective questions as we know now where we are. I am curious to know whether the approach advocated by Senator White is Labour Party policy. Is he saying the State has the right to investigate and invade an...

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: We know it has since been nationalised by the State.

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: It would be welcome if the Senator could clarify whether the Labour Party has such policies on private industry.

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: I do not know whether such policies are socialist, communist or otherwise.

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: I am aware that the Minister for Finance and the Taoiseach have said they are appalled by what they have found. They have made it clear that the regulatory system which was in place failed.

Seanad: Order of Business. (1 Apr 2010)

Ivor Callely: I would like to ask the Leader about the rescue package. I welcome that AIB and Bank of Ireland have earmarked €3 billion for small and medium sized enterprises. I want to lay down a marker to the Leader in this regard. I ask him to respond to me when he finds out what mechanism is in place to ensure the €3 billion is not used for what one might consider soft lending. I want to ensure...

Seanad: Order of Business. (20 Apr 2010)

Ivor Callely: I listened with interest to the comments on the banking issue. The banking and financial issue is far bigger and broader than the remuneration package of the chief executive officer of Bank of Ireland. I support the view that there should be a debate on banking and finance, and that the debate should be meaningful and take place when the Minister for Finance is able to attend. There are...

Seanad: Order of Business. (21 Apr 2010)

Ivor Callely: In the past I asked the Leader on the Order of Business if there was a mechanism that could be agreed by the party leaders and introduced in the House, whereby we could have a structured debate on matters of importance, whether it be the economy, finance issues or any of the other relevant matters raised. I am frustrated at the level of progress made. Week in, week out we hear Senators...

Seanad: Order of Business. (22 Apr 2010)

Ivor Callely: He is easily intimidated.

Seanad: Order of Business. (22 Apr 2010)

Ivor Callely: I stand to support my colleague Senator Walsh and ask the Leader to look, with a fresh pair of eyes, as to how this House might be able to have a fundamental role with regard to some of the quangos and regulatory bodies we have in place, including the tribunals of inquiry. It must be acknowledged there have been some welcome changes, particularly with the Financial Regulator and the Governor...

Seanad: Order of Business. (27 Apr 2010)

Ivor Callely: I support the calls for a debate on the celebrations of the events of 1916. I draw to the attention of the House that the centenary in 2016 clashes with proposals for the construction of one of the country's biggest transport infrastructure initiatives at the event's location. For this reason, it is all the more important that we make a joint effort to ensure we have planned well for what...

Seanad: Order of Business. (27 Apr 2010)

Ivor Callely: This is why I am somewhat concerned about the number of years it will take and where we are today. Will the Leader accommodate a debate on the food supply chain? Irish producers and processors are, as we know, internationally renowned for the high quality of their produce. The gross output of the agrifood business is worth in excess of €25 billion. With the required supports, it will...

Seanad: Banking: Statements. (27 Apr 2010)

Ivor Callely: The financial and economic challenges have brought us all to a new level of deep concern and crisis. The current banking crisis is different in nature from anything we have ever experienced before in this country. It has enormous consequences and it is far-reaching and total. It is felt everywhere and it fuses through every sector of our community. The public is anxious. It knows it is...

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