Session 2012 - 13
Internet Publications
Other Bills before Parliament


 
 

Consideration of Bill: 16 October 2012                  

378

 

Enterprise and Regulatory Reform Bill, continued

 
 

thinks fit’ and insert ‘by the Secretary of State following consultation with the TUC and

 

CBI’.

 

Secretary Vince Cable

 

15

 

Page  9,  line  38  [Clause  13],  after ‘13(2)(b)’ insert ‘(ii)’.

 


 

Richard Fuller

 

58

 

Page  10,  line  1,  leave out Clause 14.

 

Richard Fuller

 

59

 

Page  10,  line  11  [Clause  14],  at end insert—

 

‘(c)    

and where the employer employs in excess of 10 employees at the time

 

of the claim first being submitted to ACAS as per section 18A of this

 

Act,’.

 

Mr Chuka Umunna

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

92

 

Parliamentary Star    

Page  10,  line  14  [Clause  14],  at end insert—

 

‘(1A)    

The Secretary of State shall by regulations provide for an employer to pay a

 

penalty to the Secretary of State for each period of time (as specified in those

 

regulations) that passes during which an award of compensation under Part X of

 

the Employment Rights Act 1996 has not yet been paid by the employer.’.

 

John McDonnell

 

72

 

Page  10,  line  17  [Clause  14],  leave out from ‘£5,000’ until end of line 4 on page 11.

 

Mr Chuka Umunna

 

Mr Iain Wright

 

Iain Murray

 

Chi Onwurah

 

83

 

Page  10  [Clause  14],  leave out lines 20 to 25.

 


 

John McDonnell

 

73

 

Page  11,  line  47  [Clause  14],  after ‘Fund’, insert ‘to be spent with the objective of

 

promoting awareness of employment rights and promoting training for employment.’.

 



 
 

Consideration of Bill: 16 October 2012                  

379

 

Enterprise and Regulatory Reform Bill, continued

 
 

Mr Chuka Umunna

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

94

 

Parliamentary Star    

Page  12,  line  4  [Clause  15],  leave out from ‘(protection),’ to end of line 5, and

 

insert ‘after subsection 2, insert—

 

“(2A)    

The disclosure of information relating to a private contractual matter to which the

 

person making the disclosure is party is not a qualifying disclosure unless the

 

worker making the disclosure reasonably believes it to be made in the public

 

interest.”.’.

 

Secretary Vince Cable

 

16

 

Page  12,  line  23  [Clause  17],  leave out paragraph (c).

 

Secretary Vince Cable

 

17

 

Page  12,  line  35  [Clause  17],  at end insert—

 

‘(2A)    

In section 49 of the National Minimum Wage Act 1998 (restrictions on

 

contracting out)—

 

(a)    

in subsections (3) and (4), for “compromise” (in each place where it

 

occurs) substitute “settlement”;

 

(b)    

after subsection (8) insert—

 

“(8A)    

In the application of this section in relation to Northern Ireland,

 

subsections (3) and (4) above shall have effect as if for

 

“settlement agreements” (in each place) there were substituted

 

“compromise agreements.”’.

 


 

John McDonnell

 

Caroline Lucas

 

Jeremy Corbyn

 

Stewart Hosie

 

Jonathan Edwards

 

Katy Clark

 

57

 

Page  65,  line  22  [Schedule  2],  leave out ‘one month’ and insert ‘six months’.

 



 
 

Consideration of Bill: 16 October 2012                  

380

 

Enterprise and Regulatory Reform Bill, continued

 
 

New Clauses and new schedules relating to, and amendments to, part 1

 

Interpretation of the green purposes: duty to assess impact on the Climate Change Act

 

2008

 

Mr Chuka Umunna

 

Caroline Flint

 

Caroline Lucas

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

Total signatories: 8

 

NC22

 

To move the following Clause:—

 

‘(1)    

In interpreting the purposes in section 1(1)(a) to (e), it is the duty of the UK Green

 

Investment Bank to assess whether the implementation of its investment strategy,

 

or similar document outlining or amending the proposed investment portfolio of

 

the UK Green Investment Bank will, as a whole, increase the likelihood of

 

achieving carbon budgets and greenhouse reduction targets as set out under the

 

Climate Change Act 2008.

 

(2)    

In subsection (1), whether or not an investment strategy will increase the

 

likelihood of achieving carbon budgets and greenhouse gas reduction targets shall

 

be assessed compared to a scenario where identified investments or investment

 

categories did not proceed.

 

(3)    

In undertaking the assessment required under subsection (1), it is the duty of the

 

UK Green Investment Bank to have regard to the advice and reports of the

 

Committee on Climate Change required under sections 34, 36 and 38 of the

 

Climate Change Act 2008.

 

(4)    

The Board must make a decision to adopt or amend its investment strategy or

 

similar document described in subsection (1), unless it is satisfied, as a result of

 

the assessment in subsection (1), that the proposed investment portfolio will, as a

 

whole, increase the likelihood of achieving carbon budgets and greenhouse gas

 

reduction targets under the Climate Change Act 2008.’.

 


 

The UK Green Investment Bank: prohibition on investment in nuclear power or the

 

nuclear industry

 

Caroline Lucas

 

NC25

 

To move the following Clause:—

 

‘The UK Green Investment Bank may not engage in activities that involve

 

facilitating or encouraging investment in nuclear power or the nuclear industry.’.

 



 
 

Consideration of Bill: 16 October 2012                  

381

 

Enterprise and Regulatory Reform Bill, continued

 
 

Mr Chuka Umunna

 

Caroline Flint

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

77

 

Page  1,  line  11  [Clause  1],  at end add—

 

‘(3)    

In undertaking investments in accordance with the green purposes outlined in

 

subsection (1), the UK Green Investment Bank will identify opportunities in

 

which small and medium-sized enterprises can be awarded contracts.’.

 


 

Secretary Vince Cable

 

1

 

Page  2,  line  8  [Clause  2],  leave out ‘in the United Kingdom’ and insert ‘(whether in

 

the United Kingdom or elsewhere)’.

 

Secretary Vince Cable

 

2

 

Page  2,  line  18  [Clause  2],  leave out from ‘section’ to end of line 19 and insert ‘—

 

(a)    

is to be made by statutory instrument, and

 

(b)    

is not to be made unless a draft of the instrument has been laid before, and

 

approved by a resolution of, each House of Parliament.’.

 

Secretary Vince Cable

 

3

 

Page  2,  line  37  [Clause  3],  leave out ‘in the United Kingdom’ and insert ‘(whether

 

in the United Kingdom or elsewhere)’.

 


 

Chris Huhne

 

Andrew Stunell

 

Martin Horwood

 

Mike Crockart

 

Stephen Williams

 

Mr Alan Reid

 

Total signatories: 11

 

Annette Brooke

 

Dr Julian Huppert

 

68

 

Page  3,  line  24  [Clause  4],  at end add—

 

‘(7)    

Subject to approval by the European Commission of the State aid notification

 

concerning the establishment of the UK Green Investment Bank, it is the duty of

 

the Secretary of State to provide the European Commission with State aid

 

notification concerning the intention to allow the Bank to borrow, including

 

borrowing from the capital markets.

 

(8)    

The duty in subsection (7) must be fulfilled not later than 31 December 2013.’.


 
 

Consideration of Bill: 16 October 2012                  

382

 

Enterprise and Regulatory Reform Bill, continued

 
 

Mr Chuka Umunna

 

Caroline Flint

 

Mr Iain Wright

 

Iain Murray

 

Chi Onwurah

 

76

 

Page  3,  line  24  [Clause  4],  at end add—

 

‘(7)    

Subject to the approval by the European Commission of the State aid notification

 

concerning the establishment of the UK Green Investment Bank, the Secretary of

 

State shall provide the European Commission with State aid notification

 

concerning the intention to allow the Bank to borrow, including borrowing from

 

the capital markets.

 

(8)    

The duty in subsection (7) must be fulfilled no later than 31 December 2013.

 

(9)    

It is the duty of HM Treasury and the Secretary of State to either—

 

(a)    

permit the UK Green Investment Bank to begin borrowing from the

 

capital markets by April 2015, or

 

(b)    

to present to Parliament a report within one month of the passage of this

 

Act giving a clear, certain, alternative date for the UK Green Investment

 

Bank to begin borrowing, based on Office for Budget Responsibility

 

forecasts for the public finances and advice from the Green Investment

 

Bank on its need for borrowing powers,

 

    

both subject to the European Commission approving the State aid notification

 

concerning borrowing.’.

 

Caroline Lucas

 

Mr Tim Yeo

 

Jonathan Edwards

 

89

 

Page  3,  line  24  [Clause  4],  at end add—

 

‘( )    

Subject to approval by the European Commission of the State aid notification

 

concerning the establishment of the UK Green Investment Bank, it is the duty of

 

the Secretary of State to provide the European Commission with State aid

 

notification concerning the intention to allow the Bank to borrow, including

 

borrowing from the capital markets.

 

( )    

The duty in the above subsection must be fulfilled no later than 31 December

 

2013.

 

( )    

In the event the European Commission approves the State aid notification

 

concerning borrowing, it is the duty of the Treasury and of the Secretary of State

 

to permit the Green Investment Bank to begin borrowing from the capital markets

 

no later than 30 June 2015, or, if State aid approval has not been received by that

 

date, no later than one month from the date of approval.’.

 

Secretary Vince Cable

 

4

 

Page  3,  line  27  [Clause  5],  leave out from ‘treated’ to ‘as’ in line 28.


 
 

Consideration of Bill: 16 October 2012                  

383

 

Enterprise and Regulatory Reform Bill, continued

 
 

Secretary Vince Cable

 

5

 

Page  3,  line  29  [Clause  5],  leave out ‘that Act’ and insert ‘the Companies Act 2006

 

for the purposes of the application to it of—

 

(a)    

Chapters 4 and 4A of Part 10 of that Act, and

 

(b)    

Parts 15 and 16 of that Act (in respect of a financial year).’.

 


 

Mr Chuka Umunna

 

Caroline Flint

 

Mr Iain Wright

 

Iain Murray

 

Chi Onwurah

 

78

 

Page  4,  line  9  [Clause  6],  at end add—

 

‘(5)    

The Secretary of State will be required to receive independent expert review of

 

the performance of the UK Green Investment Bank.

 

(6)    

The Secretary of State will be required to receive such a review no less than every

 

five years.

 

(7)    

An interim review no less frequently than every two and half years.

 

(8)    

The independent expert review in subsection (5) must, in particular, include or

 

contain information relating to—

 

(a)    

an assessment of the UK Green Investment Bank’s environmental

 

performance in fulfilling the green purposes as set out in section 1.

 

(b)    

an analysis of the main trends and factors likely to affect the future

 

development, performance and investments of the UK Green Investment

 

bank,

 

(c)    

macroeconomic analysis, including assessments of demand in the UK

 

economy and international factors likely to affect green investment and

 

skills within the relevant industries,

 

(d)    

assessment of the competitveness of the UK Green Investment Bank in

 

securing competitive advantage for the UK in green and low carbon

 

economies relative to other countries, and

 

(e)    

recommendations to improve the UK Green Investment Bank’s impact in

 

fulfilling its green purposes in section 1.

 

(9)    

Prior to the commencement of a review in relation to subsection (5), the Secretary

 

of State must request the views of—

 

(a)    

The Secretary of State for Energy and Climate Change,

 

(b)    

The Secretary of State for Environment, Food and Rural Affairs,

 

(c)    

The Committee on Climate Change,

 

(d)    

Ministers from the devolved administrations,

 

(e)    

investors and interested parties, and

 

(f)    

members of the public,

 

    

and provide a copy of the results of the consultations to the person or persons

 

undertaking the independent review.

 

(10)    

The Secretary of State, in the capacity of shareholder, must provide such

 

information as he considers reasonable to enable the person or body undertaking

 

the review to fulfill the requirements of this subsection.


 
 

Consideration of Bill: 16 October 2012                  

384

 

Enterprise and Regulatory Reform Bill, continued

 
 

(11)    

A review made in relation to subsection (5) must be published and laid before

 

both Houses of Parliament.’.

 


 

Amendments to clauses 61 to 64

 

Mr Chuka Umunna

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

93

 

Parliamentary Star    

Page  51,  line  23  [Clause  61],  at end insert—

 

‘(1A)    

A representative of the company’s employees must be consulted in the

 

preparation of any such revision.’.

 


 

Mr Chuka Umunna

 

Mr Iain Wright

 

Ian Murray

 

Chi Onwurah

 

95

 

Parliamentary Star    

Page  52,  line  5  [Clause  61],  leave out ‘ordinary’ and insert ‘special’.

 

Secretary Vince Cable

 

25

 

Page  52,  line  8  [Clause  61],  leave out from ‘begins’ to ‘or’ in line 9 and insert ‘on

 

or after the day on which section 61 of the Enterprise and Regulatory Reform Act 2012

 

comes into force’.

 

Mr Chuka Umunna

 

Mr Iain Wright

 

Iain Murray

 

Chi Onwura

 

86

 

Page  52,  line  11  [Clause  61],  leave out subsection (b) and insert—

 

‘(b)    

and annually thereafter.’.

 

Mr Chuka Umunna

 

Mr Ian Wright

 

Iain Murray

 

Chi Onwurah

 

96

 

Parliamentary Star    

Page  52,  line  17  [Clause  61],  leave out ‘ordinary’ and insert ‘special’.

 



 
previous section contents continue
 

© Parliamentary copyright
Revised 16 October 2012