Results 19,121-19,140 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: NAMA Expenditure (26 Mar 2015)

Michael Noonan: A breakdown of the professional fees sought by the Deputy is set out by category of expense for each year from inception to end-2014. The figures for 2015 will be collated and reported in accordance with NAMA's scheduled financial reporting.  Legal, Consultants and advisory €'000 €'000 €'000 €'000 €'000 €'000 Actual 2010 Actual 2011 Actual...

Written Answers — Department of Finance: NAMA Staff Data (26 Mar 2015)

Michael Noonan: Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA. Accordingly, as the Deputy is aware, all NAMA staff are employees of the NTMA. I am advised that the number of staff assigned by the NTMA to NAMA is as follows: End 2010 - 100; End 2011 - 193; End 2012 - 224; End 2013 - 331; End 2014 - 369; End February 2015 - 363.

Written Answers — Department of Finance: NAMA Staff Remuneration (26 Mar 2015)

Michael Noonan: Under section 42 of the National Asset Management Agency Act 2009, the NTMA assigns staff to NAMA.  Accordingly, as the Deputy is aware, all NAMA staff are employees of the NTMA.  I am advised that the number of staff assigned by the NTMA to NAMA that were earning over €100,000 at each year end for 2010, 2011, 2012, 2013 and 2014 are as follows: End 2010 - 51; End 2011 - 87;...

Written Answers — Department of Finance: Mortgage Lending (26 Mar 2015)

Michael Noonan: I am informed by the Central Bank of Ireland that the basis of the new macro-prudential mortgage lending regulation (S.I. 47 of 2015) is dependent on the value of the property and therefore due consideration must be given to ensure the accuracy of the calculation of the 'Loan-to-Value' of the loan at the date of drawdown. The shorter the time differential between the date of valuation...

Written Answers — Department of Finance: NAMA Debtor Agreements (26 Mar 2015)

Michael Noonan: As set out in detail in NAMA's 2010 Annual Report, the outcome of the review of some debtor business plans included possible incentivisation arrangements which would only be triggered if the debtors met very ambitious or 'stretch' financial targets which were set for them.  Such arrangements include amendment to or release of personal guarantees where maximum value has...

Written Answers — Department of Finance: NAMA Debtors (26 Mar 2015)

Michael Noonan: I am advised by NAMA that of the 178 remaining NAMA-managed debtor connections, which make up 89% of NAMA debt, 146 connections have personal guarantees in place.  The remaining NAMA-managed connections comprise mainly Special Purpose Vehicles (SPVs).   As regards the debtor connections managed on NAMA's behalf by AIB and Capita, I am advised that there is...

Written Answers — Department of Finance: NAMA Debtors (26 Mar 2015)

Michael Noonan: I am advised that NAMA is working on a consensual basis with 70% of its debtors by value.  Consensual strategies include full restructure, partial restructure or connection management agreement (CMA), and support.  Support is the most common consensual strategy requiring debtors to implement agreed milestones in relation to debt reduction without the need for either partial or full...

Written Answers — Department of Finance: Insurance Coverage (26 Mar 2015)

Michael Noonan: In my role as Minister for Finance I have responsibility for the development of the legal framework governing financial regulation.  Neither I nor the Central Bank of Ireland, as regulator, interfere in the pricing or provision of insurance products. The provision of insurance cover and the price at which it is offered is a commercial matter for insurance...

Written Answers — Department of Finance: Tax Code (26 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 94 to 97, inclusive, together. I am advised by the Revenue Commissioners that a wide range of statistical information is available on the Commissioners' new, enhanced, Statistics webpage: . In relation to the Deputy`s questions, detailed information on potential costs can be found in the post-Budget 2015 Ready Reckoner: . While the Ready Reckoner does not...

Written Answers — Department of Finance: Tobacco Smuggling (26 Mar 2015)

Michael Noonan: I am advised by the Revenue Commissioners that the number of criminal convictions for smuggling and illegal selling of tobacco in the years in question, and the total values of those fines, are as set out in the following table. - 2013 Number of Prosecutions Total Fines 2014 Number of Prosecutions Total Fines Cigarette Smuggling 56 €75,750 57 €108,969 Illegal Selling of...

Written Answers — Department of Finance: Public Relations Contracts Expenditure (26 Mar 2015)

Michael Noonan: The NTMA have advised me that they do not maintain an internal press office. Instead, its internal communications resources are supported by an external service provider (appointed following a public procurement process) currently Gordon MRM - in order to offer a full press office and communications service (including out-of-hours contacts for the media). This press office and...

Written Answers — Department of Finance: Tax Reliefs Application (26 Mar 2015)

Michael Noonan: I am informed by the Revenue Commissioners that they will shortly finalise a report for presentation to me in relation to the Special Assignee Relief Programme for 2012 and 2013, which I intend to publish in due course.  I will draw the Deputy's attention to the report when available. I am also informed by the Revenue Commissioners that a similar report will be prepared in relation to...

Written Answers — Department of Finance: Stability and Growth Pact (26 Mar 2015)

Michael Noonan: The expenditure rule referred to by the Deputy was introduced into the Stability & Growth Pact by the six-pack reforms adopted in 2011. The 'expenditure benchmark' as it is generally known was also referenced in the Fiscal Compact. Budget 2016 will be the first budget that Ireland will produce whilst subject to the revised preventive arm of the Stability & Growth...

Written Answers — Department of Finance: Departmental Contracts Data (26 Mar 2015)

Michael Noonan: My Department and the agencies under its aegis have not awarded any contracts or tenders to a company (details supplied) since 1 January 2004.

Written Answers — Department of Finance: Photographic Identification (31 Mar 2015)

Michael Noonan: Firstly, I must confirm to the Deputy that it is not appropriate for me, as Minister for Finance, to comment on or become involved in the detailed position of consumers opening post office or bank accounts.  The National Treasury Management Agency has informed me that a social welfare card does not contain a photograph. When opening a bank account the standard documentation which may be...

Written Answers — Department of Finance: Standards in Public Office Commission (31 Mar 2015)

Michael Noonan: In response to the Deputy's question I have furnished a statement of my registerable interests to the Standards Commission in line with the disclosure requirements for Office holders and Oireachtas members as is appropriate and required.

Written Answers — Department of Finance: Credit Unions (31 Mar 2015)

Michael Noonan: On 10 November 2013, following an application by the Central Bank of Ireland the High Court approved the transfer of Newbridge Credit Union to Permanent TSB. The ownership and management of the assets and liabilities of the credit union, with the exception of the premises, transferred from Newbridge Credit Union Limited to Permanent TSB under the High Court order dated 10 November...

Written Answers — Department of Finance: Pensions Levy (31 Mar 2015)

Michael Noonan: The pension fund levy was introduced in 2011 to fund the Jobs Initiative, which has been very successful in both helping to create and to maintain employment in this economy. The levy has applied at a rate of 0.6% for the years 2011 to 2013, at an aggregate rate of 0.75% for 2014 and will apply at a reduced rate of 0.15% for this year. In accordance with the provisions in section 125B of the...

Written Answers — Department of Finance: Financial Institutions Levy (31 Mar 2015)

Michael Noonan: The following response outlines levies imposed relating to bodies which are under the remit of the Department of Finance only. Central Bank  On an annual basis the Central Bank publishes a Guide to the Industry Funding Levy which includes a comprehensive list of the levy rates applicable for the year in question.  The Guide to Industry Funding Regulations 2014 is available on...

Written Answers — Department of Finance: Fuel Trader's Licence (31 Mar 2015)

Michael Noonan: I propose to take Questions Nos. 257 and 259 together. I am informed by the Revenue Commissioners that 134 filling stations were closed down since 2011 for breaches of licensing conditions. The Commissioners also inform me that, while no licences were revoked prior to the introduction of the new licensing regime in late 2011, 3 mineral oil traders' licences were revoked in 2013, including 2...