Results 1,161-1,180 of 27,019 for speaker:Michael Noonan

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: -----because they were negotiating with NAMA, people look for meetings with me and I meet them. I protect myself and I protect the Administration by making sure there is an accurate note taken and a minute generated. That is all I can do. My diary is the subject of freedom of information so that one can go back in it and say why one met one person or another. I meet them because it is my...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: I am relying on newspaper leaks. Among the confidences I have, I have confidence in Deputy Sean Fleming who is the Chairman of the Committee of Public Accounts. I hope he will straighten these things out.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: If they come into me I shall mention it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: The amount of meetings now with people who buy loanbooks is limited. It started very strongly around 2014 and has pretty well worked its way through the system. NAMA has redeemed something like €30 billion worth of the loan notes that it had. In terms of assets the notes are down to about €1.5 billion so its work is nearly complete. I do not know how far up the road the IBRC...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: I thought the Chairman's suggestion was very interesting and we have had a look at it. The Department of Housing, Planning, Community and Local Government is progressing it in terms of circumstances in which a fund could be put together to purchase houses whose owners had impaired mortgages and in effect to rent them back to them. I think it is a very good suggestion. It is being actively...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: My note says that the Housing Agency will work with a number of financial entities that have come forward with an interest in working the mortgage-to-rent scheme to progress a number of pilot alternative leasing arrangements. The objective is to explore what is available within the current market and to determine if this alternative model will benefit a greater number of households. At...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: Yes, it is being explored.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2017)

Michael Noonan: I thank the committee.

Seanad: Commencement Matters: Illicit Trade in Fuel and Tobacco Products (15 Feb 2017)

Michael Noonan: I thank the Senator for his contribution and comments. I welcome the opportunity to highlight some important points on this matter. The background is that the solid fuel carbon tax, SFCT, was provided for in the Finance Act 2010 and was commenced on 1 May 2013. The introduction of the solid fuel carbon tax was delayed to allow for a mechanism to be put in place to address the risk of coal...

Seanad: Commencement Matters: Illicit Trade in Fuel and Tobacco Products (15 Feb 2017)

Michael Noonan: As I have said earlier, it was important that the regulatory framework to control the sale and burning of solid fuels in the State was in place before the introduction of the carbon tax on solid fuel. The framework is in place now, as are the environmental standards for coal supplied in the State. The enforcement of these environmental standards is the responsibility of local authorities....

Written Answers — Department of Finance: Motor Tax Exemptions (15 Feb 2017)

Michael Noonan: VRT is charged on the basis of vehicle type not vehicle use and, for VRT purposes, taxis and hackneys are taxed as passenger vehicles. I am not aware of any taxis or hackneys dedicated solely to servicing the transport needs of the disabled i.e. all such vehicles also accept fares from able-bodied passengers.  Any tax concessions for this group of vehicles would...

Written Answers — Department of Finance: Financial Services Regulation (15 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 111, 112 and 115 together. Anyone wishing to engage in the business of moneylending requires a licence from the Central Bank in accordance with the Consumer Credit Act 1995. Consumers of licensed moneylenders are protected by a range of provisions to which moneylenders must adhere, including but not limited to, the Consumer Protection Code for Licensed...

Written Answers — Department of Finance: Financial Services Regulation (15 Feb 2017)

Michael Noonan: Anyone wishing to engage in the business of moneylending requires a licence from the Central Bank in accordance with the Consumer Credit Act 1995. Consumers of licensed moneylenders are protected by a range of provisions to which moneylenders must adhere, including but not limited to, the Consumer Protection Code for Licensed Moneylenders (Moneylenders Code), the European Communities...

Written Answers — Department of Finance: Financial Services Regulation (15 Feb 2017)

Michael Noonan: The legislation provides that a moneylender can appoint agents to act on its behalf under Section 97(1) of the Consumer Credit Act, 1995 (CCA). However, the licensed moneylender is responsible for ensuring its ongoing compliance with the Consumer Protection Code for Licensed Moneylenders, the European Communities (Consumer Credit Regulations) 2010 and the CCA.   The Central...

Written Answers — Department of Finance: Data Protection (15 Feb 2017)

Michael Noonan: Firstly, I must point out that the Irish Credit Bureau is a private company and it is obliged to collect and manage the personal data in its possession in compliance with relevant data protection legislation. By law, financial institutions must ensure that information they hold or give to anyone else, including the Irish Credit Bureau, about an individual is correct and up to date....

Written Answers — Department of Finance: Revenue Commissioners Powers (15 Feb 2017)

Michael Noonan: I am advised by Revenue that section 851A of the Taxes Consolidation Act 1997 (whether in subsection (8) or in any other subsection), does not contain the type of provision referred to by Deputy Barry. The right of a charity (or, indeed, of any taxpayer) to have its tax affairs treated as confidential does not depend on whether or not it fails in its tax obligations. The only reference to a...

Written Answers — Department of Finance: Ministerial Meetings (15 Feb 2017)

Michael Noonan: In response to the Deputy, I am advised it is not possible within the time allowed to provide the range of information sought and having regard to the time period in question. This information is being compiled and I will arrange for a further reply to be provided in line with Standing Orders.

Written Answers — Department of Finance: Legislative Programme (15 Feb 2017)

Michael Noonan: The Financial and Services and Pensions Ombudsman Bill is a priority Bill for the Government and it is one of 31 Bills prioritised in the legislative programme for publication by July of 2017. The heads of Bill underwent prelegislative scrutiny on 27th October of 2016 and the consequent report of the Oireachtas Committee is awaited. In the meanwhile, officials in...

Written Answers — Department of Finance: Financial Services Ombudsman (15 Feb 2017)

Michael Noonan: The current legislation (section 57BX (3)(b) of the Central Bank 1942 Act) prohibits the Financial Services Ombudsman from examining any aspect of a complaint where the conduct being complained of occurred more than six years from receipt of the complaint in his Office.  The Heads of Bill to amalgamate the Financial Services Ombudsman and Pensions Ombudsman were published...

Written Answers — Department of Finance: Banking Sector Regulation (15 Feb 2017)

Michael Noonan: I propose to take Questions Nos. 121 and 122 together. A comprehensive overhaul of the legal and regulatory framework in the financial sector has been pursued at both domestic and at an EU level since the financial crisis. A whole raft of new European regulations have strengthened controls over the banking system and have resulted in an overhaul of regulation, supervision...