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Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: He, of course, like all members of the Government parties, is concerned about the hardship this crisis has visited on families in this country.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: His record of fairness and equity during his time as Minister for Finance has been widely recognised.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: When the dust settles on this motion, it will be clear that the Taoiseach did provide leadership. The Opposition Deputies have opted, throughout this contribution, to shout and scream and roar because there are certain facts they do not want to hear.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: We do need a change of political culture in this country. It is a change the public wants to see on all sides of the House. If there is any good to come of this motion, let it be that we dedicate ourselves to that change.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: Let us discard the economic nonsense to which we have had to listen in recent years. If the Opposition parties want to provide a real alternative Government-----

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: -----let them provide a real alternative policy to this Government, as it has signally failed to do for a period of more than two years.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: The Opposition Deputies have the responsibility, as Members of this House-----

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: -----to give the public an honest and true view of where we stand economically-----

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: -----and how we can emerge from the crisis.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: We, as a Government, will not shirk our duties.

Confidence in the Taoiseach and the Government: Motion (15 Jun 2010)

Brian Lenihan Jnr: We have not done so in the past two years and we will not do so in the next two years either.

Written Answers — Financial Services: Financial Services (15 Jun 2010)

Brian Lenihan Jnr: I assume that the Deputy's question relates to the obligation on financial institutions and others to identify their customers under the Anti Money Laundering provisions of the Criminal Justice Act 1994. Section 32 of that Act requires financial institutions and others to take reasonable measures to identify their customers. Recommended procedures for the implementation of this provision are...

Written Answers — Drug Seizures: Drug Seizures (15 Jun 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the tables below set out the amounts of illegal drugs, together with the number of seizures and estimated value, seized by Revenue's Customs Service in 2009 and 2010 to date at airports in the State. 2009 - Drug Seizures DUBLIN AIRPORT DRUG TYPE NUMBER OF SEIZURES VOLUME (KGS) VALUE (EURO) AMPHETAMINE 1 0.0010 15 CANNABIS HERBAL 170 201.9914...

Written Answers — Tax Code: Tax Code (15 Jun 2010)

Brian Lenihan Jnr: I am advised by the Revenue Commissioners that the person in question has not claimed a refund of any Dividend Withholding Tax since he last received a refund of such tax for 2006. I am also advised that his Revenue District has sent the relevant forms to him. On receipt of the completed forms, any due refunds will be processed expeditiously.

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (15 Jun 2010)

Brian Lenihan Jnr: The Deposit Guarantee Scheme covers credit union savers for 100 per cent of their savings up to a maximum of €100,000 per institution. With regard to the coinsurance fund, I assume that the Deputy refers to the amount maintained by credit unions in the deposit protection account at the Central Bank and Financial Services Authority of Ireland (CBFSAI) under Section 4 of the Financial...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (15 Jun 2010)

Brian Lenihan Jnr: There are a number of aspects to the Deputy's questions and I will answer each individually. The formula for calculating the guarantee fees paid under ELG is based on European Central Bank recommendations on government guarantees for bank debt dated 20 October 2008, available at http://www.ecb.int/pub/pdf/other/recommendations_on_guarante esen.pdf . I am aware that the European Commission has...

Written Answers — Proposed Legislation: Proposed Legislation (15 Jun 2010)

Brian Lenihan Jnr: The credit union sector has been seeking relaxation of the Section 35 lending limits in an effort to facilitate borrowers who have run into difficulties in repaying their loans and need to have them rescheduled to allow for repayment over a longer period of time. The lending limits are set in primary legislation and an amendment to Section 35 is, therefore, required to be made at this point....

Written Answers — National Assets Management Agency: National Assets Management Agency (15 Jun 2010)

Brian Lenihan Jnr: I am aware that the Chairman of NAMA has reiterated that NAMA intends to enforce security on borrowers who fail to demonstrate either the will or the capacity to deliver on debt reduction targets. In this regard, the Chairman made it clear that NAMA will require each borrower to set out how he plans to reduce his debt significantly over a three to five year horizon. Failure to demonstrate...

Written Answers — National Assets Management Agency: National Assets Management Agency (15 Jun 2010)

Brian Lenihan Jnr: The transfer of the first tranche of loans to NAMA from the five participating institutions concluded in May 2010. The total transferred was some €15.3 billion and the consideration paid was €7.7 billion, making an overall discount of 50% on this tranche. I am advised by NAMA that some of the loans transferred have been subjected to 100% discounts because of various legal deficiencies....

Written Answers — Tax Incentive Schemes: Tax Incentive Schemes (15 Jun 2010)

Brian Lenihan Jnr: There are no specific incentives in place for the development of retirement villages by the private sector.

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