Results 381-400 of 1,057,543 for in 'Dáil debates' OR in 'Committee meetings' (speaker:Damien English OR speaker:Jim O'Callaghan OR speaker:Brendan Howlin OR speaker:Sorca Clarke OR speaker:Pearse Doherty OR speaker:Kathleen Funchion OR speaker:Mary Butler)

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?

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)

Jim O'Callaghan: I have one or two questions. I am sorry if they have been asked already. I welcome all of our guests. My first question is for Mr. Carville. I am conscious that head 8 provides for the dissolution day of NAMA. I suppose it is a matter of ministerial discretion, but is it envisaged that the Minister will dissolve NAMA relatively quickly after the legislation is enacted?

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)

Jim O'Callaghan: In terms of the assets and liabilities, head 9 states that they go to the Minister, are paid to the Exchequer or are transferred to the NTMA. What is the current thinking as to which line will be recommended to the Minister?

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)

Jim O'Callaghan: This may have been answered previously, but do we have a headline on the assets and liabilities of NAMA at this stage?

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)

Jim O'Callaghan: So it is clearly being wound down. In terms of the IBRC, what is the intention in respect of ongoing litigation? I know there are still some large pieces of litigation in respect of the IBRC. What is the intention in that regard? I am not asking about policy in respect of the cases but generally, under the legislation when it is enacted, what will be the consequence for the ongoing litigation?

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)

Jim O'Callaghan: I thank Mr. Carville.

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.