Results 2,721-2,740 of 16,537 for speaker:Brian Lenihan Jnr

Written Answers — Tax Code: Tax Code (20 May 2010)

Brian Lenihan Jnr: This is a matter for the Revenue Commissioners who are responsible for the administration of mortgage interest relief through the tax relief at source system. I am advised by Revenue that following contact with the person concerned it has been established that due to an error on the part of the lender the person concerned has been receiving a smaller amount of relief than she was entitled to....

Written Answers — Tax Refunds: Tax Refunds (20 May 2010)

Brian Lenihan Jnr: I have been advised by the Revenue Commissioners that they last wrote to the person concerned on 24 March 2010. A full response to that letter is awaited.

Written Answers — Departmental Agencies: Departmental Agencies (20 May 2010)

Brian Lenihan Jnr: The National Asset Management Agency Act 2009 (Section 42) provides that all officers of NAMA are National Treasury Management Agency (NTMA) employees with specified purpose contracts linked to the life of NAMA. The remuneration packages of all NTMA staff are negotiated on an individual contract basis and are confidential.

Written Answers — Departmental Agencies: Departmental Agencies (20 May 2010)

Brian Lenihan Jnr: There is a rigorous appointment process regarding officers of NAMA by the NTMA, which fully deals with any actual or potential conflicts of interest. It is a condition of assignment as an officer of NAMA that there is no material conflict of interest. Each employee of NTMA assigned as a NAMA Officer has to complete a statement of assets, liabilities and interests where all matters are...

Written Answers — Financial Institutions Support Scheme: Financial Institutions Support Scheme (20 May 2010)

Brian Lenihan Jnr: I presume the Deputy's question refers to customer deposits. The existing statutory Deposit Guarantee Scheme ('DGS') covers retail deposits with all credit institutions authorised in Ireland (including credit unions) up to a maximum of €100,000 per qualifying depositor per institution. The DGS does not have an end-date and will continue to apply after 29 September 2010. On-demand deposits...

Written Answers — National Pensions Reserve Fund: National Pensions Reserve Fund (20 May 2010)

Brian Lenihan Jnr: I announced, during the debate on the Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Act 2009 last March, that the preparation of the draft legislation provided an opportunity to consider once again the position regarding ethical investment of the National Pensions Reserve Fund (NPRF) and that I would establish an Interdepartmental Committee to examine the...

Written Answers — Overseas Development Aid: Overseas Development Aid (20 May 2010)

Brian Lenihan Jnr: As the Deputy is aware Ireland pledged a voluntary contribution of €100m over the period 2010-12. The total voluntary contributions pledged from all EU Member States amounts to €7.2bn over 2010-12. The disposition of this sum will be settled in the context of the current estimates process.

Written Answers — Proposed Legislation: Proposed Legislation (20 May 2010)

Brian Lenihan Jnr: I am aware of concerns expressed by credit union bodies, including the Credit Union Development Association, regarding the Section 35 proposals associated with the Central Bank Reform Bill 2010. These concerns are primarily focussed on the provisioning elements of the proposals. However, the proposals overall represent a balanced approach to the need to facilitate members while at the same...

Written Answers — Tax Collection: Tax Collection (20 May 2010)

Brian Lenihan Jnr: I am informed by the Revenue Commissioners that the total receipts from the carbon tax for the period January to April 2010, in respect of petrol and auto-diesel only, is €53.1 million, i.e. €48.4 million from the carbon charge and an estimated €4.7 million in respect of VAT. It is estimated that the carbon tax, inclusive of VAT, will yield approximately €250 million in 2010. The...

Written Answers — Pension Provisions: Pension Provisions (20 May 2010)

Brian Lenihan Jnr: I propose to take Questions Nos. 83 and 84 together. In my earlier reply of 29 April 2010 to the Deputy, to which she refers, I set out the actions taken by me in response to the recommendations of the Covered Institutions Remuneration Oversight Committee (CIROC) and also where the Government went beyond those recommendations with the introduction of a salary cap of €500,000 with any...

Written Answers — Financial Institutions Remuneration: Financial Institutions Remuneration (20 May 2010)

Brian Lenihan Jnr: A new senior management team has been appointed to the bank. The salaries of all these are in compliance with the €500k salary cap. None are in receipt of the pension cash allowances and no bonuses are being paid or are planned to be paid.

Written Answers — State Banking Sector: State Banking Sector (20 May 2010)

Brian Lenihan Jnr: The term "Accounting Officer" in Government accounting terms is specific to the officer responsible to the Oireachtas for having the account of expenditure and receipts of "voted expenditure" prepared and presented for audit. The Accounting Officer, usually the Secretary General or Head of the Department or office in question, may then be called to appear before the Public Accounts Committee...

Written Answers — State Banking Sector: State Banking Sector (20 May 2010)

Brian Lenihan Jnr: While as Minister and Shareholder I am concerned with all aspects of the bank, operational issues, including decisions in relation to corporate entertainment, are matters for the Board of the bank. The bank has informed me that, as part of an ongoing cost review, the bank has significantly reduced the level of expenditure on corporate entertainment and corporate hospitality activity over the...

Written Answers — Freedom of Information: Freedom of Information (19 May 2010)

Brian Lenihan Jnr: As outlined in my response to parliamentary question No. 118 of 12 May, my officials are currently working on an extension to the FOI Act and have been for some time. There are a number of other bodies besides those mentioned in the Deputy's earlier question that fall to be considered for FOI coverage as part of this extension to the Act. In general an extension process usually involves a...

Written Answers — National Asset Management Agency: National Asset Management Agency (19 May 2010)

Brian Lenihan Jnr: As I outlined in my response last week to Parliamentary Question 119 of 12 May 2010 property, including hotels, does not transfer directly to NAMA. I assume, therefore, that the Deputy is asking about the number of hotels covered by the €0.77bn tranche 1 consideration estimate referred to in my answer. The transfer of the first tranche was completed on 10 May and the actual consideration...

Written Answers — Bank Debt: Bank Debt (19 May 2010)

Brian Lenihan Jnr: I assume that the Deputy's reference to Irish banks comprises the retail clearing banks and the non-clearing domestic banks. The Retail Clearing banks are AIB, Bank of Ireland, National Irish Bank and Ulster Bank and some of their subsidiaries. The Non-Clearing domestic banks include; ACC Bank plc, Anglo Irish Bank, EBS Building Society, Irish Life & Permanent plc, Irish Nationwide Building...

Written Answers — National Debt: National Debt (19 May 2010)

Brian Lenihan Jnr: The National Debt at end-2009 stood at €75.2 billion and at end-April 2010 stood at just over €82 billion. The National Debt is a presentation of the indebtedness of the Exchequer and as such it is this amount which must be serviced from the Central Fund. It is calculated net of liquid assets and excludes certain liabilities recognised in the General Government Debt. The General...

Written Answers — Household Debt: Household Debt (19 May 2010)

Brian Lenihan Jnr: I propose to answer Questions Nos. 83 and 84 together. Household debt levels are, in the first instance, a matter for the Central Bank and Financial Services Authority of Ireland. Figures received from the Central Bank and Financial Services Authority put the level of household debt at €168.3 billion at end March 2010 which is the latest figure available. The figures for December 2009, May...

Written Answers — Bank Debt: Bank Debt (19 May 2010)

Brian Lenihan Jnr: I assume that the Deputy's reference to Irish banks comprises the retail clearing banks and the non-clearing domestic banks. The Retail Clearing banks are AIB, Bank of Ireland, National Irish Bank and Ulster Bank and some of their subsidiaries. The Non-Clearing domestic banks include; ACC Bank plc, Anglo Irish Bank, EBS Building Society, Irish Life & Permanent plc, Irish Nationwide Building...

Written Answers — Bank Deposit Ratios: Bank Deposit Ratios (19 May 2010)

Brian Lenihan Jnr: I assume that the Deputy's reference to Irish banks comprises the retail clearing banks and the non-clearing domestic banks. The Retail Clearing banks are AIB, Bank of Ireland, National Irish Bank and Ulster Bank and some of their subsidiaries. The Non-Clearing domestic banks include; ACC Bank plc, Anglo Irish Bank, EBS Building Society, Irish Life & Permanent plc, Irish Nationwide Building...