Archive for the ‘Finance’ Category
To ask the Minister for Finance if he has satisfied himself with the way Revenue Commissioners have applied tax relief at source to mortgages; if he has further satisfied himself that it has been correctly applied in all cases; and if he will make a statement on the matter.
– Clare Daly T.D.
To ask the Minister for Finance his views on plans to distribute the value of the assets held by a credit union (details supplied) to its members, in view of the fact that the statement issued by the Central Bank on 2 November 2016 made reference only to the return to members of deposits held with the credit union; and if he will make a statement on the matter.
– Clare Daly T.D.
The decision to apply to the High Court to wind up Rush Credit Union Ltd was made by the Governor of the Central Bank. The legal grounds under which the Governor made this decision are set out in the Central Bank and Credit Institutions (Resolution) Act 2011.
I have been informed by the Central Bank that it made an application on 2 November 2016 to the High Court to have joint provisional liquidators appointed to Rush Credit Union Limited. Jim Luby and Tom Rogers of McStay Luby were appointed as joint provisional liquidators on that date by the President of the High Court, Mr Justice Peter Kelly. The full application will be heard on 21 November, when the Central Bank will seek the winding up of Rush Credit Union Ltd. The Central Bank took this action in order to ensure the protection of members’ savings. The credit union will not re-open and all issues relating to the wind down of services will be managed by the Joint Provisional Liquidators.
DÁIL QUESTION addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Clare Daly
for ORAL ANSWER on 29/09/2016
To ask the Minister for Finance the steps he is taking to address spiralling insurance costs and the allegations that price signalling by insurance companies is leading them to increase insurance costs to a point that those costs are threatening the capacity of many small businesses to continue in operation.
The Cost of Insurance Working Group, which I chair, is undertaking a review of the factors which are influencing the increased cost of motor insurance.