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Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

John McGuinness: It is worthwhile considering that there are lower levels of VAT on some fast foods, yet there will be 23% VAT on food supplements. I hope the Minister might consider that because it will have major implications for the businesses involved and for the individuals who rely on such supplements. I hope he can come to a speedy and positive conclusion on it. On nurses' pay, I wish to highlight...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

John McGuinness: With the permission of the committee, I will ask the clerk to forward to the Minister the diagram that was given to us by Permanent TSB in respect of Pepper Ireland and Glenbeigh Securities, which explains the structure of the companies and how they operate in terms of the taking over of these loans. I do not expect, or want, the Minister to respond now because it is a detailed technical...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach (5 Feb 2019)

John McGuinness: It is about profit participation and all of that complex area. We have asked the Secretary General of the Department of Finance to attend the committee at an early stage. We are trying to finalise dates but I ask the Minister to encourage him to come to the committee to deal with the matters before us. I thank the Minister and his officials for their attendance.

Child and Adolescent Mental Health Services: Statements (31 Jan 2019)

John McGuinness: I want to place on record my disappointment that these services are not appropriately staffed with the qualified people who are necessary to deal with the numbers who are turning up for the services. I have seen that at first hand in Kilkenny. In the psychiatric services generally, we can see that there are patients there who have been inappropriately placed because there is no place else...

Written Answers — Department of Jobs, Enterprise and Innovation: Employment Data (31 Jan 2019)

John McGuinness: 120. To ask the Minister for Jobs, Enterprise and Innovation the benefits accrued to a person (details supplied) when their pension entitlements transferred from a company to the public sector transfer network in 1974; if they were paid a lump sum at the time; the way in which this transfer improved their pension entitlements; the details of the knock-for-knock system of contributions...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (31 Jan 2019)

John McGuinness: Before we deal with the main business of the meeting, as agreed in private session, members who wish to comment on the nurses' action may do so.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee (31 Jan 2019)

John McGuinness: The purpose of giving members the opportunity this morning to air their views is because the committee deals with public expenditure and reform. Part of the committee remit is to cover the agreements on public pay. Having witnessed the nurses working at first-hand, any of us would agree that they are at the coal-face, that they are understaffed, that the pay situation has not been what it...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Scrutiny of EU Legislative Proposals (31 Jan 2019)

John McGuinness: The joint committee agreed that EU proposals COM (2018) 821, COM (2018) 832, COM (2018) 812 and COM (2018) 819 do not warrant further scrutiny. Full details of the decision will be published on the committee website.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: We will now discuss the final report of the credit union advisory committee implementation group. I welcome all the guests this morning. Mr. Corr is from the Department of Finance. Mr. Farrell is from the Irish League of Credit Unions. Mr. Kevin Johnson is from the Credit Union Development Association. Mr. Tim Molan is from the Credit Union Managers Association. Mr. Joe Tobin is...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: We will take Mr. Johnson, Mr. Molan and then Mr. Farrell.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: We will conclude on that point.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: I thank the Deputy and Mr. Molan. I refer to Mr. Corr's opening statement. He said he submitted a final report to the Central Bank and that three papers were completed by the implementation group on lending, engagement and tiered regulation to the Central Bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: When were those documents submitted?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: So it was 2017.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: Again, in his opening remarks, and I do not know why this happened, as Mr. Corr was speaking he left out part of his speaking note.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: I thought it was an important part because it points out that the document does not bind the Department of Finance, the Central Bank or any other members of the implementation group in advance of any public consultation carried out by the Central Bank in accordance with its statutory mandate or any legislative process commenced by Government.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: Mr. Corr is acknowledging that it is simply the group's opinion and they could take it or leave it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: They could take it or leave it. It is a committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: Another section of his speaking notes which Mr. Corr did not read out, states: "[...] and we must remember that the Credit Union Act 1997, as revised, prescribes in many cases that the Central Bank ensure that its regulations "are effective and proportionate having regard to the nature, scale and complexity of credit unions, or the category or categories of credit unions, to which the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Credit Union Advisory Committee: Discussion (31 Jan 2019)

John McGuinness: As we go through this I have to continue to remind myself that there is the CUAC implementation group, which is another layer of bureaucracy, and then Mr. Corr's group assists in the implementation and advises the Minister. That is what it was set up to do, and of course the Central Bank.

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