Written Answers. - Parliamentary Debates - Houses of the Oireachtas
Written Answers. - Parliamentary Debates - Houses of the Oireachtas Written Answers. - Parliamentary Debates - Houses of the Oireachtas
Questions— 14 February 2012. Written Answers [Deputy Michael Noonan.] International Financial Institutions/EU Budget and Finance Directorate Director: Paul Ryan Director Responsibilities Paul Ryan International Financial Institutions, including IMF (SCIMF) — not External Programme), World Bank, ADB, EBRD and CEB. EU Budget/EU Multiannual Financial Framework 2014-12 Departmental Finance Unit including Corporate Services 1 (excluding HR/Personnel) PMG Pensions 2 PMG Banking 2 Control Unit 2 Accounts Section 2 Exchequer Section 2 Business Admin Unit 2 1 Shared service to Department of Public Expenditure and Reform. 2 Shared service to a number of Departments/Agencies. Corporate Services Division Human Resource Manager : Niall O’Ceallaigh HR Manager Responsibilities Niall O’Ceallaigh Employee Relations/Performance Workforce Planning/Resourcing Tax Code 157. Deputy Áine Collins asked the Minister for Finance if he will clarify whether the Garda reserve allowance is taxable income or a travel allowance and if it is included in assessment for third level grant applications. [7792/12] Minister for Finance (Deputy Michael Noonan): The position is that the annual allowance paid to a Garda Reserve is income for tax purposes. The assessment procedure for third level grant applications is a matter, in the first instance, for the Minister for Education and Skills. Banking Sector Regulation 158. Deputy Peter Mathews asked the Minister for Finance his views on a matter (details supplied) regarding banking practice; and if he will make a statement on the matter. [7812/12] Minister for Finance (Deputy Michael Noonan): Under the Central Bank’s Consumer Protection Code (the Code) if a customer is a “consumer” for the purposes of the Code, a financial institution, regulated by the Central Bank, must gather and record sufficient information from the consumer prior to offering, recommending, arranging or providing a product or service and that information must be appropriate to the nature and complexity of the product or service. The Central Bank has advised me that there are no requirements in the Code requiring financial institutions to seek tax clearance certificates from their customers but nor does the Code prohibit the request of such information. The Bank has also advised me that a mortgage loan account must operate in accordance with the terms and conditions applying to the mortgage 376
Questions— 14 February 2012. Written Answers agreement and that financial institutions regulated by the Central Bank may look for updated information when the nature of a product is about to change. The Revenue Commissioners have advised me that from their point of view they do not require tax payers to provide Tax Clearance Certificates to financial institutions. National Asset Management Agency 159. Deputy Michael McGrath asked the Minister for Finance further to his announcement on budget day 6 December 2011, when he intends to formally establish the National Asset Management Agency advisory group; the number of members who will form the advisory group; the anticipated nature of its composition in terms of sectoral background and relevant experience of its members; the role he envisages for the advisory group; and if he will make a statement on the matter. [7813/12] 164. Deputy Gerry Adams asked the Minister for Finance if he will report on the new National Asset Management Agency advisory group which he announced in December; if the group has been established; the members of the group; the salaries, expenses or other benefits for membership of this group; how often the group meets; the group’s accountability to the Government and or to NAMA; and if he will make a statement on the matter. [7952/12] Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 159 and 164 together. I have appointed Mr Michael Geoghegan to chair a small group of advisors to advise me on the future strategic direction of NAMA. Mr Geoghegan has agreed to carry out his role on a pro bono basis. I am currently considering the names of potential candidates who have the appropriate experience and background to work effectively on the group of advisors with Mr Geoghegan. I expect to announce the other members shortly. At that stage, I will also announce the group’s terms of reference, as well as its reporting framework and arrangements in relation to costs. Ministerial Appointments 160. Deputy Shane Ross asked the Minister for Finance if he will list all appointments to State boards and agencies made by him since he came to power; the persons appointed; the boards and agencies to which they were appointed; the remuneration details of each appointment; and if he will make a statement on the matter. [7822/12] Minister for Finance (Deputy Michael Noonan): The information requested by the Deputy is contained in the following table: Appointments made to boards since March 2011 Name of Body Name of appointee Date appointed/ Remuneration Received reappointed Disabled Drivers Medical Dr Angela McNamara Re-appointed on 7 Nov Dr McNamara is entitled of Appeal 2011 to a session rate of €607.20 when attending each appeal Board sitting. *Irish Bank Resolution Mr Roger McGreal 15th Nov 2011 €73,600 p.a Corporation (IBRC) Mr Oliver Ellingham 14th Oct 2011 €73.600 p.a. 377
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Questions— 14 February 2012. <strong>Written</strong> <strong>Answers</strong><br />
agreement and that financial institutions regulated by <strong>the</strong> Central Bank may look for updated<br />
information when <strong>the</strong> nature <strong>of</strong> a product is about to change.<br />
The Revenue Commissioners have advised me that from <strong>the</strong>ir point <strong>of</strong> view <strong>the</strong>y do not<br />
require tax payers to provide Tax Clearance Certificates to financial institutions.<br />
National Asset Management Agency<br />
159. Deputy Michael McGrath asked <strong>the</strong> Minister for Finance fur<strong>the</strong>r to his announcement<br />
on budget day 6 December 2011, when he intends to formally establish <strong>the</strong> National Asset<br />
Management Agency advisory group; <strong>the</strong> number <strong>of</strong> members who will form <strong>the</strong> advisory<br />
group; <strong>the</strong> anticipated nature <strong>of</strong> its composition in terms <strong>of</strong> sectoral background and relevant<br />
experience <strong>of</strong> its members; <strong>the</strong> role he envisages for <strong>the</strong> advisory group; and if he will make a<br />
statement on <strong>the</strong> matter. [7813/12]<br />
164. Deputy Gerry Adams asked <strong>the</strong> Minister for Finance if he will report on <strong>the</strong> new<br />
National Asset Management Agency advisory group which he announced in December; if <strong>the</strong><br />
group has been established; <strong>the</strong> members <strong>of</strong> <strong>the</strong> group; <strong>the</strong> salaries, expenses or o<strong>the</strong>r benefits<br />
for membership <strong>of</strong> this group; how <strong>of</strong>ten <strong>the</strong> group meets; <strong>the</strong> group’s accountability to <strong>the</strong><br />
Government and or to NAMA; and if he will make a statement on <strong>the</strong> matter. [7952/12]<br />
Minister for Finance (Deputy Michael Noonan): I propose to take Questions Nos. 159 and<br />
164 toge<strong>the</strong>r.<br />
I have appointed Mr Michael Geoghegan to chair a small group <strong>of</strong> advisors to advise me on<br />
<strong>the</strong> future strategic direction <strong>of</strong> NAMA. Mr Geoghegan has agreed to carry out his role on a<br />
pro bono basis.<br />
I am currently considering <strong>the</strong> names <strong>of</strong> potential candidates who have <strong>the</strong> appropriate<br />
experience and background to work effectively on <strong>the</strong> group <strong>of</strong> advisors with Mr Geoghegan.<br />
I expect to announce <strong>the</strong> o<strong>the</strong>r members shortly. At that stage, I will also announce <strong>the</strong> group’s<br />
terms <strong>of</strong> reference, as well as its reporting framework and arrangements in relation to costs.<br />
Ministerial Appointments<br />
160. Deputy Shane Ross asked <strong>the</strong> Minister for Finance if he will list all appointments to<br />
State boards and agencies made by him since he came to power; <strong>the</strong> persons appointed; <strong>the</strong><br />
boards and agencies to which <strong>the</strong>y were appointed; <strong>the</strong> remuneration details <strong>of</strong> each appointment;<br />
and if he will make a statement on <strong>the</strong> matter. [7822/12]<br />
Minister for Finance (Deputy Michael Noonan): The information requested by <strong>the</strong> Deputy<br />
is contained in <strong>the</strong> following table:<br />
Appointments made to boards since March 2011<br />
Name <strong>of</strong> Body Name <strong>of</strong> appointee Date appointed/ Remuneration Received<br />
reappointed<br />
Disabled Drivers Medical Dr Angela McNamara Re-appointed on 7 Nov Dr McNamara is entitled<br />
<strong>of</strong> Appeal 2011 to a session rate <strong>of</strong><br />
€607.20 when attending<br />
each appeal Board<br />
sitting.<br />
*Irish Bank Resolution Mr Roger McGreal 15th Nov 2011 €73,600 p.a<br />
Corporation (IBRC)<br />
Mr Oliver Ellingham 14th Oct 2011 €73.600 p.a.<br />
377