S.C.A.
Amendment Paper as at
Tuesday 24th October 2000
STANDING COMMITTEE A
Mr David Lock
That, during proceedings on the Trustee Bill [Lords], the Committee do meet on Tuesdays at half-past Ten o'clock and at half-past Four o'clock and on Thursdays at Nine o'clock.
TRUSTEE BILL [LORDS]
Mr Stephen O'Brien
Mr Nick Hawkins
Mr Edward Garnier
Miss Ann Widdecombe
Mr Oliver Heald
Mr David Lidington
3
Clause 30, page 11, line 23, at end insert—
'(2A) Regulations under this section shall not make provision for any payment which the Charity Commission has no power to authorise.'.
Mr Stephen O'Brien
Mr Nick Hawkins
Mr Edward Garnier
Miss Ann Widdecombe
Mr Oliver Heald
Mr David Lidington
2
Clause 30, page 11, line 31, at end add—
'(5) For the purposes of this section, "trustees of charitable trusts who act in a professional capacity" shall mean trustees whose experience and skills are such that they are relevant to, required by, and offered by the charitable trustee to, the charitable trust.".'.
NEW CLAUSE
Taxation of payments etc. from trusts
Mr John Burnett
NC1
To move the following Clause:—
'.—(1) No account disbursement or similar payment shall be made out of the assets of any trust unless a notice in writing has been given to each beneficiary of the trust.
(2) A notice given under subsection (1) shall contain—
(a) details of the payment, including the full sum payable; and
(b) details of the procedure under subsection (3) whereby a beneficiary may challenge the payment.
(3) A beneficiary may, within eight weeks of receiving a notice under subsection (1), apply to the court for the taxation of the payment, and the payment may not be made out of the assets of the trust except to the extent that the taxation authorities consider it to be reasonable and proper.'.
Mr John Burnett
1
Schedule 1, page 18, line 12, leave out paragraph 7.
