Results 3,021-3,040 of 11,861 for speaker:Brian Hayes
- Written Answers — Departmental Staff: Departmental Staff (28 Feb 2012)
Brian Hayes: The person in question completed his apprenticeship and was released on the 2nd November, 2011. In any circumstances, the Office of Public Works can only retain what apprentices it requires to meet operational needs. However, since the introduction of the Government moratorium on recruitment it has not been possible to retain any apprentices on completion of their contract.
- Written Answers — Departmental Properties: Departmental Properties (28 Feb 2012)
Brian Hayes: The Properties purchased by the Office of Public Works in 2010/2011 are set out in the table below. PROPERTY NAME PURCHASE COST VENDOR Goleen Coast Guard Station â¬8,500.00 Sean McCarthy Galway Sluice Barrage â¬190,000.00 John David Barber Clare Street 22-25 â¬5,650,000.00 Royal Liver assurance Ltd.
- Written Answers — Coastal Protection: Coastal Protection (28 Feb 2012)
Brian Hayes: The allocation for national coastal protection is included in Flood Risk Management capital allocation of the Office of Public Works (OPW), which for 2012 is â¬45m. It is expected that expenditure of the order of â¬200,000 will be spent on the Irish Coast Protection Strategy Study during 2012. OPW does not have an application from Fingal County Council in relation to the area in question....
- Written Answers — Public Procurement Contracts: Public Procurement Contracts (28 Feb 2012)
Brian Hayes: The statistics requested by Deputy Nulty are not available, as they are not collated centrally. The National Procurement Service (NPS), based in the Office of Public Works, is responsible for eProcurement and for the operation of the eTenders public procurement portal (www.etenders.gov.ie). On average 5000 tenders for the procurement of goods, services and works are advertised on eTenders...
- Seanad: Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Committee and Remaining Stages (23 Feb 2012)
Brian Hayes: My understanding is that on Committee Stage, the Minister or Minister of State responds to any questions that are posed.
- Seanad: Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Committee and Remaining Stages (23 Feb 2012)
Brian Hayes: As well as limited dividends.
- Seanad: Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Committee and Remaining Stages (23 Feb 2012)
Brian Hayes: I did not mean to be disrespectful to Senator Darragh O'Brien. The topic is somewhat outside the scope of the Bill.
- Seanad: Bretton Woods Agreements (Amendment) (No. 2) Bill 2011: Committee and Remaining Stages (23 Feb 2012)
Brian Hayes: On the sale of State assets, the previous Government asked Mr McCarthy to produce a suite of options for what it could sell if it chose to do that. The Leader of the Opposition said at the time the question was about efficiencies rather than sales. That is technically correct, but this issue was always going to come on the agenda. In circumstances where a state asks a lender of last...
- Tax Collection (22 Feb 2012)
Brian Hayes: I thank the Deputy for bringing the latter issue to my attention. The information will be passed on immediately to the Revenue Commissioners to obtain a view on it. The payment of back tax is an issue for the Revenue Commissioners. Last year the Minister brought legislation through the Oireachtas to ensure the Revenue Commissioners would be an independent, statutory organisation and not...
- National Asset Management Agency (22 Feb 2012)
Brian Hayes: I assume that the Deputy is referring to the recently published third quarter 2011 accounts. NAMA presents its financial statements in accordance with international financial reporting standards, IFRS. It is required to do so under EU legislation owing to the fact it has listed debt securities. In accordance with the IFRS, NAMA uses the effective interest rate, EIR, methodology for the...
- National Asset Management Agency (22 Feb 2012)
Brian Hayes: NAMA is following an international model where a vehicle such as this purchases loans at a hugely discounted rate to reflect the fact that the assets have been totally impaired. This is in line with the international standard to which we have signed up. Furthermore, the Comptroller and Auditor General would not certify accounts if he considered there was something untoward about the...
- National Asset Management Agency (22 Feb 2012)
Brian Hayes: The Deputy has a fair point to make on the Freedom of Information Acts. I have heard similar comments being made by other Members of the House. This is something at which the Government is looking. We have given a commitment to amend the legislation. In that context, we will look at applying freedom of information legislation to NAMA, or parts of it. This would lead to the provision of...
- National Asset Management Agency (22 Feb 2012)
Brian Hayes: We can look at whether additional reportage would make much difference. The discounted value reflects the fact that a significant portion of the loans NAMA acquired were not performing on acquisition and are not expected to perform in accordance with their contractual terms. This must be reflected in NAMA's accounting procedures. If the Comptroller and Auditor General had a difficulty with...
- Banks Recapitalisation (22 Feb 2012)
Brian Hayes: The Central Bank of Ireland does not disclose the value of the IBRC's liabilities to it. However, details of Anglo Irish Bank's primary sources of funding are disclosed in the former bank's interim report for the six months to 30 June 2011 which are accessible at the following link. The accounts will be updated in the IBRC annual report and accounts for 2011 due for publication at the end...
- Banks Recapitalisation (22 Feb 2012)
Brian Hayes: I was aware that the three economists in question raised this issue in the course of their presentation to the committee, but the three economists do not have access to the books of Irish Bank Resolution Corporation and how they can make that definitive statement is difficult to attain. I understand Deputy Pearse Doherty's point. He is correct that when the promissory note procedure was put...
- Banks Recapitalisation (22 Feb 2012)
Brian Hayes: These are estimates and they are ball-park figures. The Deputy can be absolutely assured that in our discussions, both with our international funders and the ECB, in particular, these matters are being kept under review. However, I would be unwise to speculate either as to the range of that or the total liability concerned at this stage, because even if we were to be successful in the...
- Banks Recapitalisation (22 Feb 2012)
Brian Hayes: I note that Deputy Michael McGrath referred to information that was put out there by the chairman at the time, and that is the bank's view. Here again, this will depend on the functioning property market. As the Deputy will be aware, much of the assets involved were purchases here in Ireland, but also in the United Kingdom. As they are sold over a period of time, and as that is reflected...
- Job Creation (22 Feb 2012)
Brian Hayes: As noted in the action plan for jobs, the strategic investment fund, SIF, whose establishment was announced by the Government in September 2011, will channel commercial investment from the National Pensions Reserve Fund, NPRF, towards productive investment in areas of strategic significance to the future of the Irish economy. As well as money from the NPRF, the SIF will seek matching...
- Job Creation (22 Feb 2012)
Brian Hayes: I will read the final paragraph of my original reply, which may help the Deputy. The reply states: It should be noted that these funds are not all readily accessible. The NPRF commission has legally committed â¬1.2 billion to various fund investments, of which over â¬800 million is for investment in Ireland. The â¬800 million includes a commitment to provide funding on a commercial...
- Job Creation (22 Feb 2012)
Brian Hayes: In November 2011 the National Pensions Reserve Fund announced a commitment of â¬250 million to a new Irish infrastructure investment fund, which is seeking up to â¬1 billion from institutional investors in Ireland and overseas. It will invest in infrastructural assets here in Ireland, including assets being disposed of by the Government and commercial State assets. There is also an...