Pension Schemes (Conversion of Guaranteed Minimum Pensions) Bill

Explanatory Notes

Parliamentary approval for financial costs or for charges imposed

49 The Bill does not require a money resolution or a ways or means resolution. A money resolution is required where a bill authorizes new charges on the public revenue – broadly speaking new expenditure – and a ways and means resolution is required where a bill authorizes new charges on the people – broadly speaking, new taxation or other similar charges.

 

10 March 2022