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Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: I oppose section 22. As drafted, the section seems to give carte blanche and immunity to officers carrying out the searches. Has this section ever been invoked? What damage to the person would be exempted?

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: It was answered to a certain extent. The question I asked was what would be exempted and the answer is that everything is exempted.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: I move amendment No. 28:In page 31, line 33, after “proceedings.” to insert the following:“After 30 days, and after each period of 30 days, the officer must seek permission from a District Court Judge to continue to hold the goods.”. The original section 33 refers to allowing an officer of customs who has reasonable grounds of suspicion regarding any goods being...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: The Customs and Excise provides an important service to the country and must be commended on difficult work at times. The safety and the health of our citizens is, in part, dependent on the work it does. There is no doubt the Customs and Excise must be provided with the necessary tools to carry out its work. The third party is included so that there is someone seen to be independent and...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: I move amendment No. 29:In page 34, after line 42, to insert the following:"40. Within one month of the passing of this Act the Minister for Finance shall lay before the Houses of the Oireachtas a report on the effect of fuel, tobacco and other types of smuggling on the economy and propose in conjunction with the Northern Ireland Assembly measures to tackle these crimes.". Fuel smuggling,...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: I welcome the efforts that have been undertaken by both the Executive in the North and the Government in the South to stamp out this activity, which is a disaster for the economies on either side of the Border. These activities gut the local economies within a radius of 30, 40 or 50 miles of the Border. Unfortunately, the swings we see on a regular basis mean at some stages that the town on...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Customs Bill 2014: Committee Stage (28 Apr 2015)

Peadar Tóibín: I move amendment No. 35:In page 39, lines 31 to 33, to delete all words from and including ", whose" in line 31 down to and including "law" in line 33 and substitute ". Any person who wishes to, may appeal this decision to the District Court".

Written Answers — Department of Finance: Loan Books Purchasers (28 Apr 2015)

Peadar Tóibín: 114. To ask the Minister for Finance if it is legal for Bank of Scotland to sell the debt of a person (details supplied) in County Meath to a company, in view of the fact that the company was only formed on 2 December 2014. [16335/15]

Written Answers — Department of Environment, Community and Local Government: Housing Adaptation Grant (28 Apr 2015)

Peadar Tóibín: 411. To ask the Minister for Environment, Community and Local Government the reason Meath County Council has not received its annual grant for housing aid for older persons; when the grant will be received; the amount involved and when the shortfall between the total amount of the grant and the need within the community will be covered. [16252/15]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: AIB made a pre-tax profit of €1.1 billion last year on what many say was a punitive interest rate. We can only take it to be the outcome of its policy. Given that its responsibility is to act on behalf of its shareholder, are we to take it as the outcome of the policy of the shareholder?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: Has the Government given the bank directions on profitability levels?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: The decision is made without any direction.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: If the Government was to give the bank directions on reducing or scaling back its level of profitability, while easing interest rates for those on variable interest rates, would it accept that?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: The bank's responsibility is to act on behalf of its shareholder; therefore, it has a responsibility to act on behalf of the Government if it directs it to ease the burden on the figure of 100,000 mortgage holders.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: It is a matter of fact that the board would have to act on the directions of the Government, as shareholder.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: It owns 99% of the bank.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: Okay. There is also a view in society generally that the Government wants to offload AIB in the future and that there is a desire to fatten it in terms of the level of profitability, capitalisation and its attractiveness to the market. Is that part of the thinking behind the current policy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: Is the attractiveness of the bank to a potential seller in the future in any way part of the thinking on how this policy is being delivered?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: Is AIB required to deleverage at any level? A number of years ago it was required to do so. Has all of that happened, or is there more to happen?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)

Peadar Tóibín: What percentage of business loans have been written down?

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