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Local Exchange Trading Schemes Bill

This is the text of the Local Exchange Trading Schemes Bill, as presented to the House of Commons on 25 March 1998.

 
 
  
Local Exchange Trading Schemes Bill
 
 
 
 
ARRANGEMENT OF CLAUSES
Clause 
1.Disregard of approved exchange trading system credits when assessing entitlement to income support.
2.Disregard of approved exchange trading system credits when assessing entitlement to housing benefit.
3.Disregard of approved exchange trading system credits when assessing entitlement to family credit.
4.Disregard of approved exchange trading system credits when assessing entitlement to disability working allowance.
5.Disregard of approved exchange trading system credits when assessing entitlement to council tax benefit.
6.Disregard of approved exchange trading system credits when assessing entitlement to social security benefits.
7.Financial provisions.
8.Short title.
 


 

 
 
A

B I L L

TO

Amend social security regulations with respect to local exchange trading schemes; and for connected purposes.

BE IT ENACTED by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:-
 

Disregard of approved exchange trading system credits when assessing entitlement to income support.     1. - (1) The Income Support (General) Regulations 1987 are amended as follows.
 
      (2) After Regulation 3, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
 3A. - (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 37 of Schedule 9, there is inserted the following new paragraph-
 
 
 
     " 38. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Disregard of approved exchange trading system credits when assessing entitlement to housing benefit.     2. - (1) The Housing Benefit (General) Regulations 1987 are amended as follows.
 
      (2) After Regulation 3, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
      3A. -
 
 
    (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 33 of Schedule 4, there is inserted the following new paragraph-
 
 
 
 
     " 34. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Disregard of approved exchange trading system credits when assessing entitlement to family credit.     3. - (1) The Family Credit (General) Regulations 1987 are amended as follows.
 
      (2) After Regulation 2, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
      2A. -
 
 
    (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 30 of Schedule 2, there is inserted the following new paragraph-
 
 
    "31. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Disregard of approved exchange trading system credits when assessing entitlement to disability working allowance.     4. - (1) The Disability Working Allowance (General) Regulations 1991 are amended as follows.
 
      (2) After Regulation 2, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
      2A. -
 
 
    (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 46 of Schedule 3, there is inserted the following new paragraph-
 
 
    "47. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Disregard of approved exchange trading system credits when assessing entitlement to council tax benefit.     5. - (1) The Council Tax (General) Regulations 1992 are amended as follows.
 
      (2) After Regulation 3, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
      3A. -
 
 
    (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 48 of Schedule 4, there is inserted the following new paragraph-
 
 
    "49. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Disregard of approved exchange trading system credits when assessing entitlement to social security benefits.     6. - (1) The Social Security (Computation of Earnings) Regulations 1996 are amended as follows.
 
      (2) After Regulation 2, there is inserted the following new Regulation-
 
 
  "DEFINITION OF EXCHANGE TRADING SYSTEMS
      2A. -
 
 
    (1) In these Regulations, "approved exchange trading system" means a scheme based on an agreement between a number of persons (members) under which each member-
 
    (a) may obtain goods or services from another member for consideration of worth paid for as a unit of credit (a "LETS credit"), and
 
    (b) has an account for the purposes of the agreement.
      (2) An account under sub-paragraph (1)(b) is an account-
 
 
    (a) to which is credited-
 
      (i) the amount representing the value of any goods or services provided by the member to another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid; and
 
    (b) from which is debited-
 
      (i) the amount representing the value of any goods or services supplied to the member by another member;
 
      (ii) if the goods or services were partly paid for in a manner other than a LETS credit, the amount referred to in sub-paragraph (a)(i) less the amount so paid.
      (3) An exchange trading system is an approved exchange trading system if the Secretary of State has issued a certificate stating that-
 
 
    (a) it is a local, community-based system with a defined geographical boundary or with a finite and defined membership; and
 
    (b) its objects include one or more of the following-
 
      (i) local development, including community development,
 
      (ii) education,
 
      (iii) the transfer and maintenance of skills;
 
    and
 
    (c) it is not a system run for profit; and
 
    (d) officers are elected from or by its membership and those officers are responsible for publishing regular accounts and for arbitrating on membership issues.".
      (3) After paragraph 11 of Schedule 1, there is inserted the following new paragraph-
 
 
    "12. Where a person is a member of an approved exchange trading system, any amount credited to that person's account for the purposes of the scheme in respect of any goods or services provided by that person to another person.".
 
Financial provisions.     7. There shall be paid out of money provided by Parliament any increase attributable to this Act in the sums which are payable under any other Act.
 
Short title.     8. This Act may be cited as the Local Exchange Trading Schemes Act 1998.
 
 

 
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