Results 19,921-19,940 of 27,019 for speaker:Michael Noonan

Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (Resumed) (10 Jun 2015)

Michael Noonan: I move amendment No. 4:To delete, after the words “approves the draft”, the words “Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order, 2015” and to substitute the words "Commission of Investigation (Irish Bank Resolution Corporation) Order 2015” in their place.This is a technical amendment which was required...

Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (10 Jun 2015)

Michael Noonan: The legislation governing the Drivers & Passengers with Disabilities Scheme is contained in Section 92 of the Finance Act 1989 (as amended), Section 134(3) of the Finance Act 1992 (as amended) and Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I. 353 of 1994).  Full details of the scheme, including the legislative criteria which must be...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: Officials in my Department have advised me that they are aware that the firm of solicitors mentioned in the question were engaged by IBRC to report on the management of conflicting obligations arising from the wind-down of IBRC s wealth-management business. This report was prepared from the perspective of IBRC. The terms of reference of the recently announced Commission of...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 58 and 59 together. I am informed that IBRC made officials in my Department aware that they had engaged a firm of solicitors to report on the management of conflicting obligations arising from the wind-down of IBRC s wealth-management business. This report was prepared from the perspective of IBRC. The terms of reference of the recently announced...

Written Answers — Department of Finance: Financial Irregularities (10 Jun 2015)

Michael Noonan: Firstly, I must point out that the Financial Services Ombudsman is independent in the performance of his statutory functions and it would not be appropriate for me to comment on how he performs those duties or to intervene in an individual's complaint. The Financial Services Ombudsman Bureau was established under the Central Bank and Financial Services Authority of Ireland Act 2004....

Written Answers — Department of Finance: IBRC Investigations (10 Jun 2015)

Michael Noonan: While this was a matter for the board of IBRC at that time, the minutes of the meeting, which are available on the Department of Finance website show that the person referred to in the question was present during the discussion on Siteserv. There was no representative from the Department of Finance present at the 15 March 2012 board meeting of IBRC which approved the sale of Siteserv. The...

Written Answers — Department of Finance: IBRC Loans (10 Jun 2015)

Michael Noonan: The sale of Siteserv was a commercial decision for the board of IBRC at the time. Details of the approval of the Board of the sale and the financial impact to IBRC of the sale of Siteserv, including details of the proceeds, process and the €119 write-off, were included in the minutes of the meeting of the board of IBRC on 15 March 2012. The Siteserv transaction was announced to...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: I was informed by my officials on 28 May 2015 that they had found a schedule of IBRC board packs received from August 2011 to September 2012 which had been created as part of a discontinued Freedom of Information request.  This record confirmed that my Department had received the minutes of the meeting of the board of 15 March 2012 as part of the IBRC board...

Written Answers — Department of Finance: Departmental Reports (10 Jun 2015)

Michael Noonan: I assume that the Deputy is referring to the Report for 2014 entitled "Ireland's Participation in the International Monetary Fund and the World Bank 2014". In my capacity as Governor for Ireland at both institutions, the Department of Finance prepares the Annual Report which provides up-to-date and comprehensive information on Ireland's relationship and activities with regard to the IMF and...

Written Answers — Department of Finance: Fuel Inspections (10 Jun 2015)

Michael Noonan: I propose to take Questions Nos. 65, 66 and 69 together. The Revenue Commissioners operate a fully integrated tax and customs administration and it is not possible to disaggregate resources deployed exclusively at any given time on particular enforcement operations, such as the detection of petrol or diesel fraud.  Revenue currently has approximately 2,000 staff engaged on activities...

Written Answers — Department of Finance: Departmental Expenditure (10 Jun 2015)

Michael Noonan: No satellite imagery was provided to my Department during the past four years.

Written Answers — Department of Finance: IBRC Liquidation (10 Jun 2015)

Michael Noonan: The special liquidators have instructed Eugene F Collins Solicitors to independently review the legal advice previously obtained in respect of the proceedings against former Directors of INBS. BDO Accountants in London have also been instructed to carry out a peer review of KPMG s role as auditors to INBS. These reviews are ongoing and as such the special liquidators are unable to provide an...

Written Answers — Department of Finance: IBRC Operations (10 Jun 2015)

Michael Noonan: I wish to advise the Deputy that my officials are working through the various board packs which were received from IBRC and collating the relevant information. Given the large amount of documents to work through to collate the relevant information and since some of the board packs referred to in the question are physically held by the NTMA (when the NTMA's banking unit was...

Written Answers — Department of Finance: IBRC Liquidation (10 Jun 2015)

Michael Noonan: The Shareholding Management Unit (SMU) was responsible for managing the day to day relationship with Anglo Irish Bank and subsequently with IBRC. A senior member of the SMU was assigned as the point person for the relationship with support from other members of the team. Upon receipt of the monthly board packs, the papers were reviewed and any matter arising from a review of these packs would...

Written Answers — Department of Finance: IBRC Liquidation (10 Jun 2015)

Michael Noonan: Details of the approval of the Board of the sale and the financial impact to IBRC of the sale of Siteserv, including details of the proceeds, process and the €119 write-off, were included in the minutes of the meeting of the board of IBRC on 15 March 2012. The Siteserv transaction was announced to the Stock Exchange on 16 March 2012 and the Department received the minutes of the...

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Michael Noonan: I welcome the opportunity to address Senators on the Commission of Investigation (Irish Bank Resolution Corporation) Order, 2015. Following consultation with Members of the Oireachtas on Monday evening and the debate in the Dáil in the past two days, the majority of concerns raised have been addressed. I look forward to hearing the views of Senators on this significant matter of public...

Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)

Michael Noonan: I thank all the participants in this debate for their constructive participation. I have listened carefully to their concerns around the terms of reference of the commission of investigation and am confident they are largely addressed in the revised terms of reference. I will respond to some of those concerns, but before I do so, I draw attention to the discussion this evening about the...

Written Answers — Department of Finance: Living City Initiative (11 Jun 2015)

Michael Noonan: The Special Regeneration Areas for the Living City Initiative were designated following consultation with the relevant city councils and an independent review by a third party advisor. Specific criteria were set down in respect of the areas which should be included within the remit of the Living City Initiative which were required to be taken into account by the relevant city councils...

Written Answers — Department of Finance: Vehicle Registration (11 Jun 2015)

Michael Noonan: I am advised by the Revenue Commissioners that under the Finance Act 1992 they have responsibility for the legislation governing vehicle identification marks (registration numbers) in the State and that the format is prescribed in Statutory Instrument No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended). There is provision that the Commissioners may assign to a...

Written Answers — Department of Finance: Pension Provisions (11 Jun 2015)

Michael Noonan: It is not possible, from the limited details set out in the question, to provide a definitive answer to the query posed. However, if the Deputy provides me with more complete details I will have officials of my Department consider the matter in conjunction with the Revenue Commissioners and advise him of the position.