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OIREACHTAS AUTHORITIES have published the latest round of members’ interests disclosures for members of the Dáil.
The document – which you can read in full (as a PDF) here – is lengthy, but here are some nuggets we thought were interesting and worth sharing.
The US president gave a print worth €1,500 to Enda Kenny when the Taoiseach travelled to Washington for the St Patrick’s Day festivities. The Taoiseach donated the painting to the state, and it now hangs in Government Buildings.
The Dublin North TD is a former Aer Lingus employee and built up a shareholding in the airline – but in last year’s disclosure we didn’t know how many.
In this year’s one we learn that the former Socialist TD has 17,000 shares in the airline. That’s worth nearly €21,000 at their current value – and €23,800 if the Ryanair takeover bid, at €1.40 per share, was approved.
A global economic recovery would be good news for Michael Noonan, but not simply because it helps him in his job as Minister for Finance: he has personal investments which rise when the FTSE and Dow Jones indices increase. He also has a similar investment in US banks.
Shane Ross, meanwhile, has investments in US and German government bonds.
TDs are not required to make any comment on their submissions, but Labour’s Arthur Spring opted to include a small additional statement in his annual disclosure.
Under his ‘occupational income’, Spring lists rental income received from an apartment in Harold’s Cross – which he points out was “purchased as my PDH [primary dwelling house] in 2006 and remains my only property”.
“It is now in negative equity and is currently let,” he adds. “The rental income falls short of the mortgage repayments. I therefore rent my home in Tralee.”
Sure enough, he later mentions a cottage he rents – again asserting, “I am renting due to the predicament of negative equity.”
There are two TDs whose private interests – as the proprietors of private companies – mean they have a particularly keen interest in what goes on at their local county council.
Michael Healy-Rae’s disclosure includes contracts between Kerry County Council and Healy-Rae’s filling station in Kilgarvan, which supplies fuel, and Roughty Plant Hire, which carries out maintenance work on behalf of both the council and the HSE.
Mattie McGrath also has a family-run plant hire company, which provides machinery to the county councils of his native South Tipperary and Waterford.
There are nine TDs (at least – we may have missed some) whose property interests includes land overseas.
Justice minister Alan Shatter owns four properties in Florida and two in London; former junior planning minister Willie Penrose has three properties in London, one in the Netherlands and one in Estonia.
Labour’s Dominic Hannigan has properties in London and Florence, while FG’s John Deasy has a place in Sardinia. Both FG minister Phil Hogan and backbencher Aine Collins have property in Portugal.
Junior minister Ciaran Cannon has property in France, while backbencher James Bannon has an apartment in Spain.
Independent TD Michael Lowry – whose British corporate property interests have come under the spotlight recently – lists properties in Mansfield and Wigan, the latter being of “negligible” value.
Junior minister Dinny McGinley is on a pension for his time as teacher, while his FG colleague Joe O’Reilly has a part-pension for similar reasons.
Sinn Féin’s Michael Colreavy, in Sligo-North Leitrim, has a pension from his previous career working with the local arm of the HSE. Labour’s Brendan Ryan has a pension from his time working for Coca-Cola Bottlers, and FG’s Billy Timmins has a part-pension from his time in the army.
Both Michael Noonan and the Leas Ceann Comhairle, Michael Kitt, are entitled to teachers’ pensions but have forfeited them to the Exchequer while they remain in public office.
In addition, former FF junior minister Dara Calleary discloses his ministerial severance pay, which continued into 2012 – though neither Billy Kelleher nor Willie Penrose, who also received severance pay for former ministerial jobs, did likewise.
The Minister for Transport, Tourism and Sport was given an honorary membership of Castleknock Tennis Club after his appointment – which he says was “graciously accepted” but not used to date.
Likewise, a membership of the Royal Irish Automobile Club, based close to Leinster House at Dawson Street, has also gone unused.
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At last, I can afford that additional ivory back scratcher!
Haha, that’s exactly what they increased the interest rate by last month and that was their sixth increase since may 2010!
wont make much of a difference to my mortage tha.k god 5 more years left bring it on
Additional?! Posh or what….
These people have bumped up repayments a number of times in the last few years. This is just a PR stunt and when no ones watching bang another increase.
Too little too late.
Not good, we need to pay these higher interest rates to keep the EBS solvent
they’ve only dropped them because they know if they dont the Government will step in. the only reason aib wont drop theirs is because they didnt get a chance to rise it the last time before the regulator stepped in and warned them if they rose the interest rates again hed have a good look at their books. listen this would not have been passed on only for the pressure from the government. its not enough though. more is needed
Woooooohooooo!!!
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