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Order of Business (23 Sep 2009)

Mary Coughlan: It is proposed to take No. 21, National Asset Management Agency Bill 2009 - Second Stage (resumed). Private Members' Business shall be No. 33, Public Appointments Transparency Bill 2008 – Second Stage (resumed), to conclude at 8.30 p.m. tonight, if not previously concluded.

Order of Business (23 Sep 2009)

Mary Coughlan: Unfortunately, the legislation relating to the merger of the NCA and the Competition Authority is complicated. I am putting together the new structure at present. On the formulation relating thereto, a proposal has been put forward to the effect that we should transfer the consumer side of the Financial Regulator's business to the NCA. That is work in hand. I am not in a position to state...

Order of Business (23 Sep 2009)

Mary Coughlan: I will take the final question first. The heads of the legislation pertaining to the Dublin mayoral election will come before the Cabinet before the end of the year and hopefully we will be able to facilitate the passage of the legislation fairly quickly. The Planning and Development (Amendment) Bill is before the Seanad at present and the Minister proposes to include therein some...

Order of Business (23 Sep 2009)

Mary Coughlan: Having looked up at the Gallery, I can just imagine what will be written. However, the date of the budget-----

Order of Business (23 Sep 2009)

Mary Coughlan: I am sure the Deputy would be charmed. The Deputy beside him is greatly interested in the Estimates process and I am sure he would be delighted to get into it now on this side of the House.

Order of Business (23 Sep 2009)

Mary Coughlan: The Cabinet will decide on the date of the budget when it next meets. The Cabinet has not met this week and the date will be made public to the House as soon as that decision has been made.

Order of Business (23 Sep 2009)

Mary Coughlan: There is no legislation.

Order of Business (23 Sep 2009)

Mary Coughlan: As for the company law Bill, that legislation contains 1,270 sections and a great deal of work has been under way in my Department. As soon as I am in a position to bring forward the legislation to this House, I will do so. On the issue of the financial services regulation Bill, there are 250 financial instruments and 50 Acts to be brought together, which constitutes a seismic amount of work.

Order of Business (23 Sep 2009)

Mary Coughlan: That legislation is before the Seanad and when it has been completed, its passage will be facilitated in this House.

Order of Business (23 Sep 2009)

Mary Coughlan: I hope the Deputy is not putting himself in that genre. He is not in terrible disrepair himself.

Order of Business (23 Sep 2009)

Mary Coughlan: That item of legislation will be published next year.

Order of Business (23 Sep 2009)

Mary Coughlan: I am told it will be next year.

Order of Business (23 Sep 2009)

Mary Coughlan: The finance Bill will be published after the Cabinet decides when the budget will take place.

Order of Business (23 Sep 2009)

Mary Coughlan: I cannot answer that.

Leaders' Questions (23 Sep 2009)

Mary Coughlan: I refute that charge on the following basis. On the occasion of the internal audit report being made available to me, I asked the Comptroller and Auditor General to carry out a further investigation and report on this matter. The Committee of Public Accounts was carrying out an investigation and the Comptroller and Auditor General advised that he did not wish to complete the terms of...

Leaders' Questions (23 Sep 2009)

Mary Coughlan: Second, arising from the internal audit that took place, on my instruction the board was advised to take on board the Department of Finance's regulations. All those actions were taken and the board supported all actions that were necessary in the interim. Yesterday the Cabinet signed off on new legislation regarding the structures of the board. We hope this legislation will be facilitated...

Leaders' Questions (23 Sep 2009)

Mary Coughlan: First, the recommendations of the Committee of Public Accounts are all included in the new legislation. Second, with regard to Mr. Molloy's departure, the severance package has been in the public domain for a considerable period. I did not make the decision lightly.

Leaders' Questions (23 Sep 2009)

Mary Coughlan: I agreed, not on the basis of the Superannuation and Pensions Act 1963 - as purported in the public domain rather on the basis of the Labour Services Act 1987 which provides for the terms and conditions of directors general of FÁS, including their remuneration and this may be determined by the Minister for Enterprise, Trade and Employment with the consent of the Minister for Finance-----

Leaders' Questions (23 Sep 2009)

Mary Coughlan: At that time, around this time last year, I thought the most appropriate action would be his speedy departure. Also, the terms of the legislation allow an entitlement of up to five eightieths to employees non-commercial semi-State bodies where contracts are being terminated. Both the Minister for Finance and I worked within the terms of reference of that legislation, on the basis that I was...

Leaders' Questions (23 Sep 2009)

Mary Coughlan: -----was to spend taxpayers' money for the next six to nine months in the Four Courts and I thought this would not be the most appropriate action, on the basis that these matters were destroying an organisation whose role-----

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