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| | For other Amendment(s) see the following page(s):
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| | Enterprise and Regulatory Reform Bill Committee 15-23 |
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| | Enterprise and Regulatory Reform Bill |
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| | Clause 13, page 11, line 13, at end insert— |
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| | | ‘(11) | Any money paid by an employer purporting to meet a liability to pay a penalty |
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| | | under this section shall be treated instead as payment of any financial award on a |
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| | | claim against that employer to the extent that any such award has not been paid.’. |
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| | Clause 13, page 11, line 13, at end insert— |
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| | | ‘(11) | All monies in respect of financial penalties collected under this section shall be |
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| | | hypothecated directly to ACAS.’. |
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| | Clause 6, page 4, line 4, at end add— |
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| | | ‘(5) | The Secretary of State will be required to receive an independent expert review |
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| | | of the performance of the UK Green Investment Bank. |
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| | | (6) | The Secretary of State will be required to receive such a review no less than every |
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| | | (7) | An interim review must be held no less frequently than every two and a half years. |
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| | | (8) | The independent expert review must, in particular, include information relating |
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| | | (a) | an assessment of the UK Green Investment Bank’s environmental |
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| | | performance in fulfilling the green purposes as set out in section 1, |
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| | | (b) | an analysis of the main trends and factors likely to affect the future |
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| | | development, performance and investments of the UK Green Investment |
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| | | (c) | Macroeconomic analysis, including assessments of demand in the UK |
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| | | economy and international factors likely to affect green investment and |
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| | | skills within the relevant industries, |
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| | | (d) | assessment of the competitiveness of the UK Green Investment Bank in |
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| | | securing competitive advantage for the UK in green and low carbon |
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| | | economies relative to other countries, and |
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| | | (e) | recommendations to improve the UK Green Investment Bank’s impact in |
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| | | fulfilling its green purposes in section 1. |
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| | | (9) | Prior to the commencement of a review under subsection (5), the Secretary of |
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| | | State must request the views of— |
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| | | (a) | the Secretary of State for Energy and Climate Change, |
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| | | (b) | the Secretary of State for Environment, Food and Rural Affairs, |
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| | | (c) | the Committee on Climate Change, |
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| | | (d) | Ministers from the devolved administrations, |
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| | | (e) | investors and interested parties, and |
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| | | (f) | members of the public. |
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| | | | and provide a copy of the results of the consultations to the person or persons |
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| | | undertaking the independent review. |
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| | | (10) | The Secretary of State, in the capacity of shareholder, must provide such |
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| | | information as he considers reasonable to enable the person or body undertaking |
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| | | the review to fulfil the requirements of subsection (8). |
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| | | (11) | A review under subsection (5) must be published and laid before both Houses of |
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| | | The following Notices have been withdrawn: 21 June 2012: |
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