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 Header Item Order of Business (Continued)
 Header Item Estimates for Public Services 2012
 Header Item Vote 12 - Superannuation and Retired Allowances (Supplementary)
 Header Item Vote 20 - Garda Síochána (Supplementary)
 Header Item Vote 22 - Courts Service (Supplementary)
 Header Item Vote 31 - Transport, Tourism and Sport (Supplementary)
 Header Item Vote 32 - Jobs Enterprise and Innovation (Supplementary)
 Header Item Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion

Thursday, 29 November 2012

Dáil Éireann Debate
Vol. 784 No. 4

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(Speaker Continuing)

[Deputy Paschal Donohoe: Information on Paschal Donohoe Zoom on Paschal Donohoe] Will the Tánaiste give an indication as to when it will be brought before the House?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore The heads of the Criminal Justice (Corruption) Bill to consolidate and reform all of the legislation cited as the Prevention of Corruption Acts 1889 to 2010 in a single statute were approved by the Government on 19 June and have been referred to the joint committee for discussion and consideration.

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett I think the Deputy is asking when the Bill is likely to be brought before the House?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore I do not have a date. Obviously, the joint committee will have to consider it first and then it will be brought before the House. After the committee has considered the issue, the Minister for Justice and Equality will consider whatever observations and recommendations are made by it.

Deputy Timmy Dooley: Information on Timmy Dooley Zoom on Timmy Dooley I understand the Cabinet made a decision during the week to separate Shannon Airport from the Dublin Airport Authority. Does the Tánaiste expect that legislation will be required to give effect to that decision and, if so, when can we expect to see it before the House?

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett Has legislation been promised in this regard?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore The Cabinet has discussed proposals to combine the Shannon Airport Authority and Shannon Development. The Minister for Transport, Tourism and Sport will announce plans for Shannon Airport and Shannon Development in the coming days. The issue of legislation is one that may arise at some point afterwards.

Deputy Michael Healy-Rae: Information on Michael Healy-Rae Zoom on Michael Healy-Rae The Tánaiste is aware of the importance of the retention of Aer Arann flights to the Aran Islands. In the interests of the health and safety of those living on and visiting the islands, will he ensure, in the same way that the Transport (Córas Iompair Éireann and Subsidiary Companies Borrowings) Bill provided for an increase in the borrowing limit for CIE, some provision is made to ensure the service will be retained?

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett When is this legislation due?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore There is no legislation.

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett There is no promised legislation.

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore The Minister for Arts, Heritage and the Gaeltacht has been dealing with the matter. Both the Minister and the Minister of State at the Department of Arts, Heritage and the Gaeltacht have recently met local representatives to discuss it.

Deputy Mattie McGrath: Information on Mattie McGrath Zoom on Mattie McGrath Given the plight of self-employed owner-drivers of lorries in the construction sector who have little work, when will the legislation be amended to allow them to pay as they go for tax purposes----

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett About what Bill are we talking?

Deputy Mattie McGrath: Information on Mattie McGrath Zoom on Mattie McGrath -----in respect of the non-use of motor vehicles, rather than paying huge amounts in tax for a full week when they might work for only one hour?

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett Is there promised legislation on the non-use of motor vehicles?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore The non-use of motor vehicles Bill seeks to amend motor tax legislation to provide for new arrangements for making declarations that vehicles are off the road. The heads of the Bill were approved by the Government on 22 May and it is expected that the legislation will be published this session.

Deputy Kieran O'Donnell: Information on Kieran O'Donnell Zoom on Kieran O'Donnell There was much discussion recently about the Construction Contracts Bill, known as the sub-contractors Bill. What progress has been made and when will it be brought before the House?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore It will be brought before the House next year.

Deputy Kieran O'Donnell: Information on Kieran O'Donnell Zoom on Kieran O'Donnell There is urgency attached to the legislation.

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore It is expected early next year.

Deputy Patrick O'Donovan: Information on Patrick O'Donovan Zoom on Patrick O'Donovan On promised legislation, there is much concern among vintners and publicans about alcohol pricing, a matter which has been discussed in the House previously. When is it expected that legislation will be brought before the House?

The Tánaiste: Information on Eamon Gilmore Zoom on Eamon Gilmore The legislation is being worked on by the Minister of State at the Department of Health, Deputy Alex White, and the Minister for Justice and Equality, Deputy Alan Shatter, and is expected to be brought before the House early next year.

Estimates for Public Services 2012

Minister for Public Expenditure and Reform (Deputy Brendan Howlin): Information on Brendan Howlin Zoom on Brendan Howlin I move the following Supplementary Estimates:

Vote 12 - Superannuation and Retired Allowances (Supplementary)

That a supplementary sum not exceeding €25,000,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2012, for pensions, superannuation, occupational injuries, and additional and other allowances and gratuities under the Superannuation Acts 1834 to 2004 and sundry other statutes; extra-statutory pensions, allowances and gratuities awarded by the Minister for Public Expenditure and Reform, fees to medical referees and occasional fees to doctors; compensation and other payments in respect of personal injuries; fees to Pensions Board; miscellaneous payments, etc.

Vote 20 - Garda Síochána (Supplementary)

That a supplementary sum not exceeding €8,500,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2012, for the salaries and expenses of the Garda Síochána, including pensions, etc.; for the payment of certain witnesses' expenses, and for payment of a grant-in-aid.

Vote 22 - Courts Service (Supplementary)

That a supplementary sum not exceeding €5,000,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2012, for such of the salaries and expenses of the Courts Service and of the Supreme Court, the High Court, the Special Criminal Court, the Circuit Court and the District Court and of certain other minor services as are not charged to the Central Fund.

Vote 31 - Transport, Tourism and Sport (Supplementary)

That a supplementary sum not exceeding €4,000,000 be granted to defray the charge which come in course of payment during the year ending on the 31st day of December, 2012, for the salaries and expenses of the Office of the Minister for Transport, Tourism and Sport including certain services administered by that Office, for payment of certain grants, grants-in-aid and certain other services.

Vote 32 - Jobs Enterprise and Innovation (Supplementary)

 That a supplementary sum not exceeding €1,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2012, for the salaries and expenses of the Office of the Minister for Jobs, Enterprise and Innovation, including certain services administered by that Office, for the payment of certain subsidies, grants and a grant-in-aid, and for the payment of certain grants under cash-limited schemes.

  Votes put and agreed to.

Credit Institutions (Eligible Liabilities Guarantee)(Amendment) Scheme 2012: Motion

Minister for Public Expenditure and Reform (Deputy Brendan Howlin): Information on Brendan Howlin Zoom on Brendan Howlin I move:

That Dáil Éireann approves the terms of the draft scheme entitled Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2012 a copy of which draft scheme was laid before Dáil Éireann on 26 November 2012.

An Ceann Comhairle: Information on Seán Barrett Zoom on Seán Barrett I understand the Minister of State at the Department of Public Expenditure and Reform is taking this motion.

Minister of State at the Department of Public Expenditure and Reform (Deputy Brian Hayes): Information on Brian Hayes Zoom on Brian Hayes Almost one year ago to the day, the Minister for Finance addressed colleagues in the House on the subject of the bank guarantee scheme, otherwise known as the ELG scheme. A lot has happened since in the banking sector. The covered banks have continued to make progress overall under the financial measures programme - the rigorous analysis of the capital and liquidity requirements of the domestic banks presented in March 2011 - and advanced in terms of recapitalisation, asset deleveraging, deposit inflows and restructuring plans. The recapitalisation of the PCAR banks - AIB, Bank of Ireland and the PTSB - and the IBRC has been successfully completed. According to the survey of European banks carried out by the European Banking Authority published late last year, the Irish banks more than met the minimum standard set down for core tier 1 capital ratio of 10.5%. Deleveraging has progressed well so far and total covered bank deleveraging of about €63 billion had been achieved up until the end of September this year. Further significant disposals have also been targeted for completion by the end of the current quarter of 2012 as part of the pillar banks' planned run-down of non-core balances. With respect to funding, the banks' positions have improved significantly. Deposits in AIB, Bank of Ireland and the PTSB have stabilised, with a gain in net inflows achieved since last year; international debt markets have opened up to the Irish banks; and reliance on ECB funding sources is down on previous levels. As part of the EU-IMF programme, the Irish authorities had submitted revised restructuring plans for all of the participating institutions by the end of September this year. On a related and supportive level, market sentiment towards Ireland as a sovereign borrower has improved considerably and this has been assisted by the re-entry of the NTMA into the bond auction markets, the fall in Irish Government bond yields, from 7.34% last May to 4.47% yesterday, and the prospect of a future agreement on breaking the link between bank debt and sovereign debt.

  Against this background, as I have outlined, we have been looking in recent months at the future of the eligible liabilities guarantee scheme. In reply to a parliamentary question to the Minister for Finance on 4 October it was mentioned, inter alia, that an ad hoc working group chaired by the Department of Finance and involving both the Central Bank and the NTMA was looking to develop a strategy to exit the scheme, consistent with preserving financial stability.


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