Equitable Life (Payments) Bill (HC Bill 62)

1 Payments

(1) Expenditure incurred by the Treasury for or in connection with the making of

payments to which this section applies may be paid out of money provided by

Parliament.

(2) 5This section applies to any payments that the Treasury authorise in cases where

persons have been adversely affected by maladministration in the regulation before

December 2001 of the Equitable Life Assurance Society.

(3) The Treasury may make provision by order made by statutory instrument for

a payment to which this section applies to be disregarded to any extent for the

10purposes of any of these—

(a) liability to tax;

(b) entitlement to a tax credit;

(c) liability to make a payment in respect of the provision under an

enactment of goods or services (including accommodation);

(d) 15a requirement to provide a document or information for purposes

connected with anything within paragraphs (a) to (c).

(4) Different provision may be made under subsection (3) for different purposes.

(5) A statutory instrument containing an order under subsection (3) may not be

made unless a draft has been laid before and approved by resolution of each

20House of Parliament.

(6) In this section “enactment” includes an enactment contained in subordinate

legislation (within the meaning of the Interpretation Act 1978) and an

enactment contained in, or in an instrument made under, any of these—

(a) an Act of the Scottish Parliament;

(b) Northern Ireland legislation;

(c) a Measure or Act of the National Assembly for Wales.

2 Short title

5This Act may be cited as the Equitable Life (Payments) Act 2010.