Results 2,401-2,420 of 11,861 for speaker:Brian Hayes

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: These are minor technical amendments that insert a test of certainty. Where the bank makes regulations under this section, the bank may only do what is necessary in the circumstances.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendment No. 10 inserts a new provision into section 7 to identify some of the types of conditions that the bank may impose on the registration of credit unions under subsection (1). These include a condition that the credit union must notify the bank of significant events. There is also a condition to operate a more limited business as agreed with the bank and a condition to undertake a...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: I will clarify this because we appear to be mixing up two things. Shared branching is an internationally recognised term for the way in which credit unions can operate in a joined-up system of prudential risk whereby money can be taken out of one credit union applicable to another or loans can be taken out of one credit union applicable to another. That was not a recommendation from the...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: This amendment clarifies that the secretary is a member of the board, unlike, for example, the position of a company secretary. We were asked to make the position clear in the Bill and are pleased to do so.

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: Amendment No. 7 relates to shared branching, which involves credit unions providing front-of-house services to each others' members. Shared branching is an activity that operates primarily in the credit union system of the United States. It was not considered by the Commission on Credit Unions and does not form part of the commission's final report. Moreover, in the public consultation...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: We are dealing with amendments Nos. 4 and 52. These amendments mirror sections 14(6) to 14(8) of the Credit Union Act 1997 and provide for changes to the rules of credit unions that are consequential to the provisions of the Bill. Amendment No. 4 clarifies that during the first year following the commencement of this section, the rules of the credit union may be amended by a resolution of...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: During Report Stage in Dáil Éireann and Second Stage in this House I indicated that I would table an amendment to clarify that it is only legislation that already applies to credit unions that would be covered by this definition. The amendment outlined provides the clarification sought. The point was raised by Senator Byrne and a number of other Senators on Second Stage in the House. The...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: I will speak on amendments Nos. 2, 3 and 159. Given these provisions amend the Central Bank Reform Act 2010, it is also necessary to update the citation of the Central Bank Acts and these amendments provide for this update. I might put some additional information on the record of the House in case there is any question about this. The first of these changes, as set out in amendments Nos. 1...

Seanad: Credit Union Bill 2012 : Committee Stage (11 Dec 2012)

Brian Hayes: These amendments and the related Schedules are to provide for measures which will allow the Central Bank of Ireland greater capacity to co-operate with its counterparts in other countries. Specifically, these amendments must be enacted to permit the Central Bank to sign the International Organization of Securities Commissions multilateral memorandum of understanding, or MMOU. This must be...

Written Answers — Department of Public Expenditure and Reform: Heritage Sites (11 Dec 2012)

Brian Hayes: The Office of Public Works manages a number of National Monuments and Historic Properties in Co. Cork. Of these, four are presented to the public with a guide service. Full visitor numbers are available for these sites. Site Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 5 2011 Charles Fort 6,042 18,786 34,754 7,660 67,242 Barryscourt Closed 1,878 9,253 95 11,226 Desmond Castle...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Expenditure (11 Dec 2012)

Brian Hayes: From February 2002 to September 2011 an amount of €398,854.52 was expended in respect of the history of the Office of Public Works. This included researching and archiving material on the Office of Public Works and production of a publication. In the course of the research, it emerged that a considerable amount of archival work was required, which would normally be carried out by...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Projects (11 Dec 2012)

Brian Hayes: There are no works currently underway at Rathfarnham Castle. Subject to availability of funding, it is hoped to undertake works to improve visitor accessibility in 2013.

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (11 Dec 2012)

Brian Hayes: In 1979 an agreement was reached between the State and Mr. Ambrose Congreve whereby, in exchange for tax concessions, Mr. Congreve placed his house and world-renowned gardens into a Trust with ownership of both passing to the Minister for Finance on the expiration of the Trust periods, the period for the gardens being 21 years after the passing of the late Mr. Congreve. The Trust, which is...

Written Answers — Department of Public Expenditure and Reform: Coastal Protection (11 Dec 2012)

Brian Hayes: Responsibility for coastal protection was transferred to the Office of Public Works in 2009. Prior to that date responsibility for coastal protection resided with the Department of Agriculture, Fisheries and Food and before that again with the Department of the Marine and Natural Resources. Information in relation to the funding applications to those Departments is not readily available to...

Written Answers — Department of Public Expenditure and Reform: Office of Public Works Properties (11 Dec 2012)

Brian Hayes: In furtherance of the Phoenix Park Conservation Management Plan, the Office of Public Works hopes to limit through traffic at weekends and off-peak hours to facilitate recreational use of the Park. Weekend closures of part of Chesterfield Avenue were piloted during 2012 and further weekend closures during the 2013 summer period are planned. OPW awaits the analysis of a recent traffic...

Report of the Expert Group on the Judgment in the A, B and C v. Ireland Case: Statements (Resumed) (7 Dec 2012)

Brian Hayes: Hear, hear.

Financial Resolutions 2013 - Financial Resolution No. 15: General (Resumed) (6 Dec 2012)

Brian Hayes: I am thankful for the opportunity to contribute to the debate, as I have a number of points to make. It is inevitable, when €3.5 billion is taken through tax rises and expenditure reduction, that it will be difficult for our people. That is on top of the fact that since 2008, €24.5 billion in tax rises and expenditure cuts have occurred. We must focus on the remarks of the...

Seanad: Adjournment Matters: Construction Contracts Legislation (5 Dec 2012)

Brian Hayes: The Senator is correct. The threshold in the current Bill is ¤50,000. I am of a mind to abolish the thresholds altogether so the regulations will apply to everyone. We have not decided a view on that issue, but the threshold will certainly be lower than ¤50,000. There is an argument for abolishing it altogether. The objective is to ensure these cases do not go to court. It is to work...

Seanad: Adjournment Matters: Construction Contracts Legislation (5 Dec 2012)

Brian Hayes: I thank Senator Heffernan for raising this issue. I am aware of the case to which he referred in Kilfinane, County Limerick and the circumstances surrounding the subcontractors on the national school project there. It emphasises the need to swiftly enact this legislation and if I can be as bold as to say, it is not for the want of trying on my part. That is a shift in the responsibilities...

Seanad: Budget 2013: Statements (5 Dec 2012)

Brian Hayes: - - - none of our public utility companies will attract investment. I think a Senator asked what the budget would mean for the ESB. For the first time in three years the ESB has raised money. It was also the first time the Bank of Ireland had raised more than ¤500 million outside the bank guarantee. Allied Irish Banks also raised ¤300 million outside the guarantee. The great advantage...