Results 16,501-16,520 of 27,019 for speaker:Michael Noonan

Written Answers — Department of Finance: Property Taxation Administration (25 Apr 2013)

Michael Noonan: I am informed by the Revenue Commissioners that for individuals on low incomes or those whose only income source is from the Department of Social Protection, the Finance (Local Property Tax) Act 2012 (as amended) provides for a system of deferral arrangements for owner-occupiers where there is an inability to pay the tax and certain specified conditions are met. A person who qualifies for...

Written Answers — Department of Finance: IBRC Liquidation (25 Apr 2013)

Michael Noonan: The Deputy will appreciate the commercially sensitive nature of the discussions with the ECB in relation to the promissory notes and the liquidation of the IBRC and that such discussions are part of a wider deliberative and confidential process. Throughout the period of the discussions between the Irish Authorities and the ECB the confidentiality of matters discussed was emphasised between...

Written Answers — Department of Finance: National Pensions Reserve Fund Plans (25 Apr 2013)

Michael Noonan: I am informed by the National Treasury Management Agency, as manager of the National Pensions Reserve Fund (NPRF), that as at 29 March 2013 the Fund’s total value stood at €15.2 billion, of which the Discretionary Portfolio comprises €6.4 billion. With regard to the future plans for the NPRF, the Cabinet agreed at its meeting of 16 April to the drafting of a Bill to...

Written Answers — Department of Finance: Central Bank of Ireland Issues (25 Apr 2013)

Michael Noonan: I am informed that the Central Bank has relevant policies and procedures in place to deal with this potential matter and the Bank believes that its current policies and procedures are appropriate. Specifically, this potential issue is taken into account when drafting new contracts for certain roles or reassigning staff to other duties if a potential for conflict arises. The Central Bank...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I thank the Deputies who contributed. I thank the clerk and the committee secretariat. I thank my own staff for dealing so expeditiously with the Committee Stage of the Bill.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 116: In page 40, to delete lines 5 to 44 and substitute the following: “ Item (1) Number and year (2) Short title (3) Extent of repeal (4) 1 No. 3 of 1989 Insurance Act 1989 Section 3(2C) 2 No. 16 of 1989 Central Bank Act 1989 Section 87(3) 3 No. 17 of 1989 Building Societies Act 1989 Section 119(5) 4 No. 21 of 1989 Trustee Savings Banks Act 1989...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 117: In page 41, between lines 18 and 19, to insert the following: “ 2 Section 18D(2) In paragraph (a) after “Bank” insert “or with one or more persons with relevant knowledge of any of the matters specified in section 24(1) (or with both)”. 3 Section 24(2) (a) In paragraph (c) substitute “Parliament,” for...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 118: In page 41, lines 19 to 32, to delete item 2.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 119: In page 41, between lines 32 and 33, to insert the following: “ 3 Section 32L(3) Delete “and” at the end of paragraph (a) and insert the following paragraph: “(aa) the Bank in relation to the exercise of its powers under Part 2 of the Central Bank (Supervision and Enforcement) Act 2013, and”. 4 Section 33AN In the definition...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 120: In page 41, to delete lines 33 to 38 and substitute the following: “ 3 Section 57BC Insert the following after subsection (7): “(8) The Minister may from time to time advance to the Council, out of moneys provided by the Oireachtas, such sums as the Minister may determine for the purposes of the performance of the functions relating to...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 121: In page 42, to delete lines 4 to 15 and substitute thefollowing: 4 Schedule 2, Part 1 (a) Substitute the following for item 38: " 38 No. 23 of 2010 Central Bank Reform Act 2010 Parts 3 and 4 ". "(b) Insert the following". No. 27 of 1992 Financial Transfers Act 1992 Section 4 No. 2 of 2005 Criminal Justice (Terrorist Offences) Act 2005 Section...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 122: In page 42, to delete lines 16 to 24 and substitute the following: “Section 5(1). PART 2 Amendments of Central Bank Act 1971 Item (1) Provision affected (2) Amendment (3) 1 Section 2(1) In paragraph (d) of the definition of “related body” substitute “Part 3* of the Central Bank (Supervision and Enforcement) Act 2013” for...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 123: In page 42, to delete lines 25 to 42 and substitute the following: “Section 5(1). PART 3 Amendment of Central Bank Act 1997 Item (1) Provision affected (2) Amendment (3) 1 Section 32A(5)(b) Substitute “Part 3* of the Central Bank (Supervision and Enforcement) Act 2013” for “Part 5 of the Central Bank Reform Act 2010”....

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 124: In page 43, between lines 4 and 5, to insert the following: “ 1 Section 3 Substitute the following for the definition of “authorised officer”: “ ‘authorised officer’ means an authorised officer appointed under Part 3* of the Central Bank (Supervision and Enforcement) Act 2013;”. 2 Section 23 (a) Substitute the...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 125: In page 43, after line 26, to insert the following: “ 3 Section 52 (a) Insert the following after subsection (2): “(2A) The Bank may at its discretion appoint a suitably qualified person (including a person who is not an officer or employee of the Bank) to perform a function (or any part of a function) of the Bank under this Part, other than any...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 126: In page 43, after line 26, to insert the following new Part: “Section 5(1). PART 5 Amendment of Central Bank and Credit Institutions (Resolution) Act 2011 Item (1) Provision affected (2) Amendment (3) 1 Section 18(2) Substitute “supervisory directives” for “supervisory enactments”....

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 127: In page 44, lines 3 to 28, and in page 45, lines 1 to 13, to delete Parts 1 to 4.These amendments delete references to repeals that have been given effect already under legislation at the end of 2012.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 128: In page 45, to delete lines 14 to 28 and substitute the following: “Section 5(2). PART 5 Amendments of Investment Intermediaries Act 1995 Item (1) Provision affected (2) Amendment (3) 1 Section 2(1) In the definition of “authorised officer” substitute “Part 3* of the Central Bank (Supervision and Enforcement) Act 2013”...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 129: In page 45, to delete lines 29 to 48 and in page 46 to delete lines 1 to 50 and substitute the following: “Section 5(2). PART 6 Amendments of Credit Union Act 1997 Item (1) Provision affected (2) Amendment (3) 1 Section 91 Substitute the following for subsection (1): “(1) If required to do so by notice in writing served by the Bank at any...

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Central Bank (Supervision and Enforcement) Bill 2011: Committee Stage (24 Apr 2013)

Michael Noonan: I move amendment No. 130: In page 47, to delete lines 5 to 50 and substitute the following: “ 1 Section 9 (a) Substitute the following for subsection (1): “(1) In this section “Act of 2013” means the Central Bank (Supervision and Enforcement) Act 2013.”. (b) Substitute “Part 3* of the Act of 2013” for “Part 5 of the Act of...