Results 381-400 of 1,060,552 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Ciarán Cuffe OR speaker:Jennifer Whitmore OR speaker:Steven Matthews OR speaker:Brendan Smith OR speaker:Michael Healy-Rae OR speaker:Paul McAuliffe OR speaker:Pearse Doherty)

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: Let me go onto the legislation. I was responding to a point that has been made numerous times. I am not personalising this because, as I have said numerous times, this is about the profits. All employees from NAMA will go into the NTMA. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: There are senior people in NAMA because they are overseeing a large organisation and are responsible for managing a team. Will they hold their paygrade as they go into a subdivision of the NTMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: Is it not a matter for this legislation, where the heads of the Bill state that in respect of all entitlements nobody will be at a loss as a result of the transfer to the NTMA? I think it might be head 19.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: It is. That is why when Mr. Carville says this is a matter for the NTMA, it is not. It is actually a matter for this legislation. What is the pay of the most senior people in NAMA at the minute?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: The chief executive is paid €440,000. I presume there are people at a very senior level who are below that number.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: The legislation states they will go into the NTMA and be seconded into this unit. Some of them are already employed by the NTMA and they may go back to their original roles. They will keep all of their wage structures despite the fact that their responsibilities will change because NAMA is being wound up. Is that correct? Is that what the legislation states?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: If they do not require the person in NAMA who was getting hundreds of thousands of euro, according to this legislation they still have to be paid hundreds of thousands of euro even though the resolution unit may not need their expertise. Is that what the legislation says?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: Are we going to just find a wee corner for them and pay them over in the corner? How does that work?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: I am not talking about the chief executive. I made it very clear - there is an old structure below that. I am not individualising it. I do not even know whether that person is seconded and will go back to another role. I am not making it about any individual.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: The intention is also to wind up the IBRC before the end of the year and transfer whatever remaining assets it has. The intention was to dispose of assets in Russia and Ukraine in 2024. Will Mr. Carville outline those assets for the committee and their value? Eye-watering fees are being charged by the special liquidator to liquidate the IBRC. The taxpayers feel they were taken for a ride...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: It was more about the value of the Ukrainian assets.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: Can we legislate for that? Why do we not put in this legislation that the C and AG should do a special report on the liquidation? I would like to know if the €310 million that has been spent so far on liquidating this entity was actually value for money. Why did the Department not do that? What is to stop us doing it now?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: Is the Department open to allowing the Comptroller and Auditor General to do a report on the liquidation costs of the IBRC?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: You know where property prices have been over the last number of years. The trajectory of property prices, both domestic and commercial, is known in the Department. Is that not fair?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Pearse Doherty: This is a new Bill to liquidate it. Why do we not put that in now? What are the reasons not to?

Saincheisteanna Tráthúla - Topical Issue Debate: Renewable Energy Generation (18 Sep 2024)

Ossian Smyth: I thank the Deputy. The answer indicates the Department of housing has no plans to introduce more specific guidelines on how solar farms should be developed. The Deputy asked about that. The Department is saying it is bringing in regional capacity allocations. In other words, these are projections for the amount of solar power we have produced in each region of Ireland. Those are to be...

Saincheisteanna Tráthúla - Topical Issue Debate: Renewable Energy Generation (18 Sep 2024)

Cuireadh an Dáil ar athló ar 11.14 p.m. go dtí 9 a.m., Déardaoin, an 19 Meán Fómhair 2024. The Dáil adjourned at at 11.14 p.m. until 9 a.m. on Thursday, 19 September 2024.

Saincheisteanna Tráthúla - Topical Issue Debate: Road Projects (18 Sep 2024)

Ossian Smyth: The proof that road projects are proceeding and being completed in Kerry is shown by the Listowel bypass, which was completed this summer. This year, €4.7 million was allocated for the construction of new national roads in Kerry and another €9.7 million was allocated for the improvement of the existing network. This is in addition to approximately €119 million in...

Saincheisteanna Tráthúla - Topical Issue Debate: Road Projects (18 Sep 2024)

Danny Healy-Rae: No money, no fun.

Saincheisteanna Tráthúla - Topical Issue Debate: Road Projects (18 Sep 2024)

Ossian Smyth: Due to the funding constraints for national roads this year, a prioritisation exercise was necessary. In line with the NDP and Government policy, the Minister for Transport has allocated national roads funding for 2024 in a manner which seeks to achieve the following outcomes: protection and renewal of the existing national road network; progressing major projects in or near construction;...