Power, PeterThursday, 5 November 2009 |
Dáil Eireann Debate
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Order of Business.
Question put: “That the proposal for dealing with No. 24 be agreed to.”
Voted Yes 
National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage.
Amendment put.
Voted No
I am glad that Deputy Ring did not work himself up into a state of anger. God forbid what that might look like. I agree with many of the points Deputy Ring made regarding regulation, a separate issu...
To quote words of the Minister, the taxpayer is already deeply embedded in the banking system through our shareholding, but does that mean that because we have an interest in those banks the taxpayer,...
There is a significant practical reason, if the amendment were to be accepted and enshrined in the legislation, that this would not serve the interest of the State or taxpayers. Clearly, if this sort...
A part-time lawyer.
I keep my hand in.
I also failed to address the Deputy’s point, although it was my intention to do so.
We should examine the Minister’s proposal and stress test it against the proposal before the House. Deputy Bruton’s point is that there is a distinction to be drawn between default on a loan and proc...
With respect to the Deputy we are concerned here with Oireachtas oversight. We will deal with that amendment when we come to it. This amendment concerns the quality of the information that comes bef...
Of course we will be flexible but this point is not relevant to the amendment under discussion.
As Deputy Burton has spoken about the point in detail I wish to respond briefly. This relates to amendment No. 89, which we are far from reaching. The Deputy seeks there to delete the provision whic...
I do not want to dwell on this point again.
It has nothing to do with whether the Oireachtas is able to carry out its functions of scrutiny and oversight effectively on the basis of the reports that will come before it. The quality of the info...
I have listened carefully to Deputy Burton’s points on tax policy and non-residents. It, however, misses the fundamental point of what is good for the taxpayer and the State and what makes NAMA more ...
I move amendment No. 14: In page 18, to delete line 10. We already had a discussion on this amendment. The Minister agreed on Committee Stage to provide that NAMA would report on a quarterly rather t...
On a point of information, did Deputy O’Donnell refer to the quarterly reports as——
Did he mention audited accounts as distinct from quarterly reports?
We are discussing just the quarterly reports, fine.
On the last point where the Deputy spoke of them being historical at that stage, there is no obligation on any public body or statutory body to produce reports every 90 days. We all agree in this Hou...
I was just making the point that what is needed by the Oireachtas is not the names of the individuals, although there is an understandable desire, I suppose, among everybody for that. The Oireachtas ...
I move amendment No. 15: In page 18, line 27, after “35” to insert “or 38(3)”.
We would like to have consensus on these issues with a view to progressing.
I say that the Minister is very anxious to comment on this because it goes to the heart of matters.
We would be agreeable to taking these matters with the later amendments but not with this amendment because this is a separate matter. It is not agreed.
I make the point that irrespective of whether the Minister for Finance or any other Minister is present, each amendment will have to be taken in its own right, in the order in which it is listed on th...
Let us deal with this amendment now.
There are some of those there too.
It does not need a share price increase in the stock market rally.
Deputy O’Donnell is like the pot calling the kettle black.
Question: “That the amendments set down by the Minister for Finance and not disposed of, with the exception of amendment No. 42, including those in respect of which recommital would in the normal cour...
Voted Yes
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