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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage (28 Mar 2019)

Michael D'Arcy: I move amendment No. 16: In page 6, line 28, to delete “short-term State debt” and substitute “Irish sovereign debt”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage (28 Mar 2019)

Michael D'Arcy: I move amendment No. 17: In page 6, between lines 28 and 29, to insert the following: “(4) In this section “Irish sovereign debt” means debt instruments issued by the State.”.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage (28 Mar 2019)

Michael D'Arcy: Responsible Governments must address a multitude of challenges. A responsible Government cannot focus all of its resources on one challenge as that would only exacerbate the other challenges. The establishment of the rainy day fund is a longer term decision which represents part of a wider policy commitment to ensure sound public finances and, in this context, should not be seen as an...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage (28 Mar 2019)

Michael D'Arcy: Yes, weather events is the best example and an extreme storm is the best example I foresee. This fund is for unforeseen circumstances so I do not know what that circumstance would be but this gives the flexibility for it to happen if it is required but it must be based upon reasonable grounds which will not be flippant or glib.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: National Surplus (Reserve Fund for Exceptional Contingencies) Bill 2018: Committee Stage (28 Mar 2019)

Michael D'Arcy: That is the point. This covers times when the Dáil is in recess and there is no opportunity to recall the Dáil. That may be a requirement. That is not expected but there should be flexibility.

Credit Union Restructuring Board (Dissolution) Bill 2019: Second Stage (Resumed) (13 Mar 2019)

Michael D'Arcy: I thank Members for their contributions on Stage Stage of the Credit Union Restructuring Board (Dissolution) Bill 2019. I will come back to them prior to Committee Stage with as many answers as possible to their questions. I look forward to interacting with them at that point.

Credit Union Restructuring Board (Dissolution) Bill 2019: Referral to Select Committee (13 Mar 2019)

Michael D'Arcy: I move:That the Bill be referred to the Select Committee on Finance, Public Expenditure and Reform pursuant to Standing Orders 84A(3)(a) and 149(1).

Independent Clinical Review of Maternity Services at Portiuncula University Hospital: Statements (Resumed) (13 Mar 2019)

Michael D'Arcy: I thank the Deputies for their contributions. Following on from what the Minister, Deputy Harris, stated when opening the debate on this matter last June, I wish to express my heartfelt sympathies to the families involved and commend them on their engagement in the review process. It is vitally important, not least for those families, that the systems learn from these events and ensure that...

Credit Union Restructuring Board (Dissolution) Bill 2019: Second Stage (Resumed) (13 Mar 2019)

Michael D'Arcy: The role of Credit Union Restructuring Board, or ReBo, was to plan for the restructuring of the credit union sector, engage with and assist credit unions in the preparation of restructuring plans, consider and decide on restructuring plans submitted to it by, or on behalf of, credit unions, oversee the implementation of restructuring plans including the provision of post-restructuring support...

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: I thank everybody who participated in this debate. We all have a single objective, that is, to reduce the cost of insurance to businesses so that people are not impacted by the higher premium that is being charged. I am not afraid to challenge the vested interests. I am not afraid to challenge the Garda if the Garda is not doing its job in pursuing fraudulent claims that have been...

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: I thank Deputy Michael McGrath for bringing this issue forward. I am very pleased he has done so. I thank every Member of the House who has helped and supported me and the Government in passing legislation. This time last year we did not have the Insurance (Amendment) Bill, the Central Bank (National Claims Information Database) Bill or the PIAB Bill passed. Those three important pieces...

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: I have put this on the record of the House many times.

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: When it became obvious to me-----

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: -----that it was being delayed, I moved for an interim council, which was not acceded to. I moved to an ad hoccouncil, and that was not agreed to.

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: I then went back to the Minister for Justice and Equality. I am not sure who talked about going to the Minister for Justice and Equality. It is his side of the Government. The Minister will move the Judicial Council Bill in Seanad Éireann before the end of the month. I hope and anticipate-----

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: -----everyone will be as supportive of that legislation-----

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: -----in order that it be concluded as quickly as possible and passed from the Seanad into this House so we can finish the legislation.

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: Before the end of this month.

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: This month. That is the time schedule.

Business Insurance: Motion [Private Members] (13 Mar 2019)

Michael D'Arcy: That is correct. Again, I want-----

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