Results 21,561-21,580 of 33,392 for speaker:Paschal Donohoe

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: When I have engaged on this matter with the banks, I have met individuals who are charged with those kind of duties in the banks where their job is to speak up for the consumer and to speak up in those instances where there is a tension between the right thing to do in the short term and the right thing to do in the long term. I have met individuals who are doing that work in the banks...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: Definitely.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am not aware that they do in any meaningful sense at present.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am not aware of it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: We do not have - and I do not have - engagement with those organisations. The Chairman spoke about this matter when I came before the committee in December. These organisations, as is the case with any bank or financial entity regulated in Ireland, should be meeting people in a way that reflects the letter and spirit of the law. I have asked my Department to examine this issue as it has...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: To date, all of the feedback and evidence I have seen points to the effective operation of the Act. I imagine that the key provision the Chairman is pointing to in the Act is that which provides the protections available to the person associated with the loan are not changed if the owner of the loan changes, particularly if it moves from a bank to an entity that is not a bank. It has not...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I will meet the chairperson of the Credit Review Office tomorrow afternoon. As the Chairman has been raising the matter, I have got a copy of the consumer protection code 2012. The Chairman is correct that the definition includes persons or groups of persons and incorporated bodies with a turnover of less than €3 million. I imagine that what is driving this is that it is a consumer...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I have said I will so I will.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am sorry but I missed the question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I do not have the answer.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I will.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I have been informed that credit servicing companies provide credit to loan owners and they are regulated.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: Is the Chairman referring to the Finance Bill?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I would be happy to come back here to discuss the consumer protection Bill at another point. The Chairman is asking a set of detailed questions I am not in a position to answer. If the Chairman wishes to furnish me with a set of questions relating to that Bill or the code, I will write to the committee with the answers and come in again. I was very happy to come in and deal with all the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I am glad to hear that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Tracker Mortgages: Discussion (16 Jan 2018)

Paschal Donohoe: I would appreciate it if I could have the opportunity to come back in again and speak about public servants and reform. My Department has done more work in this area than we sometimes have the opportunity to inform the Oireachtas about. Perhaps the committee could give me the opportunity to come back in again soon, assuming there is time available. I would like to do so.

Written Answers — Department of Finance: Vehicle Registration (16 Jan 2018)

Paschal Donohoe: The registration of all vehicles, including hearses, is provided for in the Finance Act 1992, Part II, Chapter IV.  In this legislation, hearses are “listed vehicles” which means that the flat VRT charge of €200 applies when they are being registered (this amount was €50 up until the end of April 2011). If the hearse is a new means of transport for VAT...

Written Answers — Department of Finance: Property Tax (16 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 174 and 177 together. The Department of Finance engaged Doctor Don Thornhill in 2015 to conduct a review to consider and make recommendations on the operation of the Local Property Tax, in particular any impacts on LPT liabilities due to property price developments. Doctor Thornhill made a number of recommendations in his report on his review of...

Written Answers — Department of Finance: Electric Vehicles (16 Jan 2018)

Paschal Donohoe: I understand that the Deputy wishes to ascertain the estimated tax foregone as a result of the implementation of a 0% benefit in kind rate on electric vehicles.   Given the relatively small numbers of electric vehicles currently registered in Ireland, and the fact that many of these are privately owned, the cost of the measure proposed is likely to be low at...

Written Answers — Department of Finance: Pension Provisions (16 Jan 2018)

Paschal Donohoe: I propose to take Questions Nos. 176 and 178 together. I am advised by the Department of Employment Affairs and Social Protection that individual pensioners can apply for two State Pensions. The State Pension (Contributory) is based on social insurance contributions paid or credited over the course of a person’s working life. The State Pension (Non-Contributory) is a means tested...