Results 15,221-15,240 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Carbon Tax Implementation (4 Jul 2013)

Michael Noonan: I am advised by the Revenue Commissioners, who have responsibility for the collection to solid fuel carbon tax, that turf extracted for domestic use as a solid fuel falls within the definition of “other peat” in section 77 of the Finance Act 2010, as amended. As such, it becomes liable to solid fuel carbon tax at a rate of €13.62 per tonne under the following conditions:...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: Following the passing of the Special Resolution, referred to in the Deputy’s question, on 6 February 2013 (which became effective immediately) the Directors of Irish Bank Resolution Corporation Limited were instructed not to exercise any of the powers conferred upon them by the Companies Acts, the articles of association or otherwise pending further instructions from the Minister for...

Written Answers — Department of Finance: Companies Law Issues (4 Jul 2013)

Michael Noonan: The powers and duties of the Special Liquidators under the Companies Acts are generally those which are applicable to a liquidator appointed pursuant to the Companies Acts, save that the Minister for Finance may issue instructions and directions to the Special Liquidators to ensure the orderly winding up of IBRC in accordance with the purposes of the IBRC Act and the public interest.

Written Answers — Department of Finance: Companies Law Issues (4 Jul 2013)

Michael Noonan: At the outset it is important to note that the Special Liquidators have been appointed to Irish Bank Resolution Corporation pursuant to the Irish Bank Resolution Corporation Act 2013 and the concept of special liquidation is not relevant to any company other than Irish Bank Resolution Corporation Limited. Creditors of IBRC have rights that are similar to creditors of companies that have...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: The Deputy is directed to Section 10 of the Irish Bank Resolution Corporation Act 2013 (the “IBRC Act”), which sets out the application of the Companies Acts to Irish Bank Resolution Corporation (“IBRC”). The IBRC Act details those provisions of the Companies Acts which do not apply to IBRC, the provisions of the Companies Acts that apply to IBRC and the...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 75 and 76 together. Under Section 224 of the Companies Act 1963, the statement of affairs is required to be filed and verified by the persons who are directors and secretary (or by other persons as defined under Section 224) of IBRC at the date of the appointment of the liquidator. The Special Liquidators are currently liaising with the Directors/...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: As the Deputy is aware, in March 2012, the then Boards of INBS and IBRC, having considered legal advice, decided in all the circumstances to institute proceedings against former directors of INBS. These proceedings have been continued by the Special Liquidators following their appointment in February 2013. I am advised by the Special Liquidators that similar proceedings have not been taken...

Written Answers — Department of Finance: IBRC Liquidation (4 Jul 2013)

Michael Noonan: I have been advised by the Special Liquidators that they proceed with cases if they believe there are compelling reasons to do so. The decision to proceed is made on a case by case basis having given full consideration to their duties as Special Liquidators and in particular the maximising of commercial return for the creditors.

Written Answers — Department of Finance: National Pensions Reserve Fund Administration (4 Jul 2013)

Michael Noonan: The National Pensions Reserve Fund was established in 2001 to meet as much as possible of the costs of social welfare and public service pensions from 2025 when these costs are projected to increase significantly1 due to the ageing of the population. Under the National Pensions Reserve Fund Act 2000, the National Pensions Reserve Fund Commission controls and manages the National Pensions...

Written Answers — Department of Finance: Property Taxation Administration (4 Jul 2013)

Michael Noonan: For 2013, a person who owns a second home will have a half year Local Property Tax (LPT) liability on their primary residence and their second home, and a €200 Non-Principal Private Residence Charge (NPPR Charge) on their second home (non-principal private residence). The NPPR Charge, which is a matter for my colleague the Minister for the Environment, Community and Local...

Written Answers — Department of Finance: Official Engagements (4 Jul 2013)

Michael Noonan: Please find attached as requested, a copy of the attendance record book for September 2008 for my Department. Please note that although the attached is the only record of visits made to my Department during the period in question, other visits may have taken place, especially outside office hours, that may not have been recorded. It should also be noted that the information requested by the...

Written Answers — Department of Finance: Banking Sector Issues (4 Jul 2013)

Michael Noonan: As the Deputy will be aware banks are required to record phone calls for a variety of reasons. I have not sought access to these recordings as under statute the Garda Síochána are the body responsible for criminal investigations in the State. I understand that the Garda Bureau of Fraud Investigation have requested access to various documents/materials in the banks, including audio...

Written Answers — Department of Finance: Banking Sector Issues (4 Jul 2013)

Michael Noonan: The aim of the Single Euro Payments Area (SEPA) project is to create a single market for euro-denominated retail payments. SEPA is an EU initiative that will change the way that these payments are processed across Europe. SEPA will allow payment systems users to make euro-denominated retail electronic payments to payees located in any of the participating countries, using a single payment...

Written Answers — Department of Finance: Banking Operations (4 Jul 2013)

Michael Noonan: As the Deputy is aware, I have no statutory function in relation to banking decisions made by individual lending institutions at any particular time. These are ultimately commercial decisions for the management team and board of each bank, having due regard to their customers and the impact on profitability. Notwithstanding the fact that the State is a minority shareholder in Bank of Ireland,...

Written Answers — Department of Finance: Tax Rebates (4 Jul 2013)

Michael Noonan: I am informed by the Revenue Commissioners that Section 92 of the Finance Act 1989 and the Disabled Drivers and Disabled Passengers (Tax Concessions) Regulations, 1994 (S.I.353 of 1994) provide for permanent relief from the payment of specified maximum amounts of VAT and VRT for persons registered under the scheme and for the repayment of excise duty on fuel. A claim for repayment of excise...

Written Answers — Department of Finance: Money Laundering (4 Jul 2013)

Michael Noonan: I propose to take Questions Nos. 87 and 112 together. European legislation has been adopted to protect the financial system and certain professions and activities from being misused for money laundering and financing of terrorism purposes. The anti-money-laundering obligations applicable in Ireland derive from the Third EU Money-Laundering Directive. The Criminal Justice (Money Laundering...

Written Answers — Department of Finance: Banking Sector Investigations (4 Jul 2013)

Michael Noonan: The Government has already indicated that it is determined to uncover the causes of the banking crisis in Ireland which has caused such devastation in the Irish economy and necessitated the bailout from our international partners in late 2010. The key mechanism to achieve this will be the establishment of a formal inquiry into the banking crisis enabling all those involved to come before...

Written Answers — Department of Finance: Polasaí Dátheangachais (4 Jul 2013)

Michael Noonan: Cuireann Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta in iúl dom nach bhfuil aon phlean i gceist faoi láthair leagan dátheangach de shuíomh idirlín na nDuaisbhannaí a chur ar fáil. Tá beartaithe áfach ag Cuideachta na nDuaisbhannaí Teoranta aon chomhfhreagras a fhaigheann sí i nGaeilge a fhreagairt i...

Written Answers — Department of Finance: Public Procurement Regulations (4 Jul 2013)

Michael Noonan: In response to the Deputy's question I am not aware of any projects that were approved funding by my Department conditional on a bond being produced from a builder.

Written Answers — Department of Finance: Financial Services Regulation (4 Jul 2013)

Michael Noonan: As regulator for the financial sector, the Central Bank has extensive information gathering powers in statute to ensure its ability to gather, verify and challenge information provided to it by financial firms or otherwise acquired by it through inspections, audits, reports and other means. The capacity of the Central Bank in this respect has been further enhanced under the Central Bank...