Results 2,281-2,300 of 11,861 for speaker:Brian Hayes

Seanad: Youth Work: Motion (12 Dec 2012)

Brian Hayes: This amendment correlates an incorrect reference. Section 76N provides for the election of members of the board oversight committee either during the organisation meeting or a general meeting of the credit union.

Seanad: Youth Work: Motion (12 Dec 2012)

Brian Hayes: Amendment No. 11 follows commitments given by the Minister in the Dáil by allowing for a director of one credit union to be on the board oversight committee of another. A number of amendments have been made to committee exclusions. This amendment mirrors the provisions in section 15 relating to exclusions from board membership. It also provides for consequential numbering changes.

Seanad: Youth Work: Motion (12 Dec 2012)

Brian Hayes: This amendment replaces the definition of "maturity mismatch". The proposed definition clarifies the definition used in the Bill.

Seanad: Youth Work: Motion (12 Dec 2012)

Brian Hayes: On Committee Stage in the Dáil, the Minister for Finance stated that he would look at a mechanism whereby an exception to term limits could be allowed in exceptional circumstances. I tabled an amendment to that effect on Committee Stage in the Seanad yesterday which amends section 95A of the Bill. The purpose of that amendment is to allow the Central Bank to appoint a director under...

Seanad: Youth Work: Motion (12 Dec 2012)

Brian Hayes: To respond to amendments Nos. 5 and 6 in the name of Senator Reilly, one of the core purposes of the Bill, as expressed in its Long Title, is to "change the governance requirements for credit unions by removing certain management functions from boards of directors of credit unions and providing for a separate management structure and to improve the oversight and general policy functions of...

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: I identified on Committee Stage that there would be a number of Government amendments on Report Stage. This amendment corrects two incorrect cross-references in the section. A previous amendment proposed in respect of this included a reference to subsection (16) of section 53. However, this provision should refer to subsection (15) of section 53. Subsection (15) of the Bill, as amended...

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: It related to exclusion.

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: I identified on Committee Stage that there would be a number of Government amendments on Report Stage. This amendment corrects two incorrect cross-references in the section. A previous amendment proposed in respect of this included a reference to subsection (16) of section 53. However, this provision should refer to subsection (15) of section 53. Subsection (15) of the Bill, as amended...

Seanad: Credit Union Bill 2012: Report and Final Stages (12 Dec 2012)

Brian Hayes: It related to exclusion.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: If the Deputy had said when we came into government that only 15% of Bank of Ireland would be owned by the State by the end of 2011 people would have laughed at him. It has been an extraordinary success that we have managed to get away such a large percentage of Bank of Ireland and that that investment has come through for this State. It has been an extraordinary success that the amounts...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: These are the rules to which we have all signed up. The Deputy wants it at all levels. I recall debating with my old friend, Deputy Boyd Barrett, on the fiscal compact treaty and he made a claim then, and I continually ask him about it but I have yet to get the substance of what he was talking about, that there would be no difficulty this year, 2012, putting in place an additional...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: Some €2.5 billion on income tax.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: My understanding, when I saw these through the Cartoon Network-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: -----that will be required, is that the effective rate of tax for someone over €70,000 would go to 99%.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: Chairman, I will conclude on this remark. Call me picky but the Minister, Deputy Noonan, produced a budget which is proposing new taxes next year and the following year of about €1 billion.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: Deputy Boyd Barrett is proposing new taxes next year of €10 billion-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: -----and he believes that is all doable. I will leave it at that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: To take the last question first, I am bringing forward this draft order to make the point that we are in a programme and we cannot afford to make the contributions. When we get out of the programme the question will be whether we can afford to make the contributions again. It is in everyone's interests that we get into the habit of saving and were we to work up a greater surplus at some...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: Yes, I accept that.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Taxation Agreements: Motion (12 Dec 2012)

Brian Hayes: I could be very cheeky and say that question is above my paygrade at present. The issue is to get the money back first, or get the scheme through which we can get the money. Then we can worry about where to put it. It was a very good idea of Charlie McCreevy's to put money aside in good times. It was a rainy day fund and, boy, have we seen rain in the last number of years. The...