Amendments proposed to the Child Trust Funds Bill - continued House of Commons

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Mr George Osborne
Mr Peter Atkinson

129

*Clause     10,     page     6,     line     16,     leave out from 'attaining' to end of line and insert 'the ages of 5, 11 and 16'.

   

Mr David Laws
Norman Lamb

153

*Clause     10,     page     6,     line     16,     leave out from 'attaining' to end of line 18 and insert 'the ages of 7, 11 and 15, or

      (b) one-off payments are to be made to disburse the proceeds from Government asset sales.'.

   

Mr George Osborne
Mr Peter Atkinson

41

Clause     10,     page     6,     line     22,     leave out 'child trust funds' and insert 'baby bonds'.


   

Mr George Osborne
Mr Peter Atkinson

42

Clause     11,     page     6,     line     27,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

130

*Clause     11,     page     6,     line     29,     at end insert 'provided that a person is shown to have acted fraudulently or negligently'.

   

Mr George Osborne
Mr Peter Atkinson

43

Clause     11,     page     6,     line     31,     after '10', insert 'or [additional contributions by Inland Revenue for children in care]'.

   

Mr David Laws
Norman Lamb

154

*Page     4,     line     24,     leave out Clause 11.


   

Mr George Osborne
Mr Peter Atkinson

131

*Clause     12,     page     6,     line     34,     leave out subsection (1).

   

Mr George Osborne
Mr Peter Atkinson

44

Clause     12,     page     6,     line     34,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr David Cameron
Mr George Osborne
Mr Peter Atkinson

45

Clause     12,     page     6,     line     36,     at beginning insert 'Except where subsection (2A) applies,'.

   

Mr George Osborne
Mr Peter Atkinson

132

*Clause     12,     page     6,     line     36,     leave out 'Regulations may prescribe'.

   

Mr George Osborne
Mr Peter Atkinson

46

Clause     12,     page     6,     line     37,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

133

*Clause     12,     page     6,     line     37,     after 'year', insert 'shall be £1,200, or such greater amount as may be prescribed by regulations'.

   

Mr George Osborne
Mr Peter Atkinson

47

Clause     12,     page     6,     line     38,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr David Cameron
Mr George Osborne
Mr Peter Atkinson

48

Clause     12,     page     6,     line     39,     at end insert—

    '(2A)   The maximum amount prescribed under regulations under subsection (2) shall not apply in any case where a person is, or persons are, entitled to Disability Living Allowance in respect of the child holding the child trust fund.'.

   

Mr George Osborne
Mr Peter Atkinson

49

Clause     12,     page     6,     line     40,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

134

*Clause     12,     page     6,     line     41,     after second 'the', insert 'first day of the month that includes the'.

   

Mr George Osborne
Mr Peter Atkinson

50

Clause     12,     page     6,     line     41,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

135

*Clause     12,     page     6,     line     42,     leave out 'immediately before' and insert 'on the first day of the month following that which includes'.


   

Mr George Osborne
Mr Peter Atkinson

51

Clause     13,     page     7,     line     7,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

52

Clause     13,     page     7,     line     11,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr David Laws
Norman Lamb

155

*Clause     13,     page     7,     line     26,     at end add—

    '(6)   Before this section comes into force the Treasury shall lay before each House of Parliament a report setting out the additional costs to the Exchequer over the period from 1st April 2004 to 31st March 2022 of relief from income tax and capital gains tax as a consequence of the introduction of child trust fund accounts, together with an assessment of the scope for greater tax avoidance activity.'.

   

Mr David Laws
Norman Lamb

158

*Clause     13,     page     7,     line     26,     at end add—

    '(6)   This section shall not come into force until the Treasury has laid before each House of Parliament a report on how the saving gateway proposals will be applied to investments in child trust funds.'.


   

Mr George Osborne
Mr Peter Atkinson

53

Clause     14,     page     7,     line     31,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

54

Clause     14,     page     7,     line     33,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

55

Clause     14,     page     7,     line     35,     leave out 'child trust funds' and insert 'baby bonds'.


   

Mr George Osborne
Mr Peter Atkinson

56

Clause     15,     page     8,     line     1,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

57

Clause     15,     page     8,     line     4,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

58

Clause     15,     page     8,     line     6,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

59

Clause     15,     page     8,     line     8,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

60

Clause     15,     page     8,     line     9,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

61

Clause     15,     page     8,     line     12,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

62

Clause     15,     page     8,     line     12,     after 'fund', insert—

    '(ee)   anyone responsible for the determination of matters specified in section [income disregard for purposes of income-related benefits, etc.](2),'.


   

Mr George Osborne
Mr Peter Atkinson

63

Clause     16,     page     8,     line     26,     leave out 'child trust funds' and insert 'baby bonds'.


   

Mr George Osborne
Mr Peter Atkinson

64

Clause     17,     page     8,     line     42,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

65

Clause     17,     page     9,     line     6,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

66

Clause     17,     page     9,     leave out line 15 and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

67

Clause     17,     page     9,     line     21,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

68

Clause     17,     page     9,     line     29,     leave out 'child trust funds' and add 'baby bonds'.


   

Mr George Osborne
Mr Peter Atkinson

69

Clause     18,     page     9,     line     35,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

70

Clause     18,     page     9,     line     37,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

71

Clause     18,     page     9,     line     39,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

72

Clause     18,     page     9,     line     40,     leave out 'child trust funds' and insert 'baby bonds'.

   

Mr George Osborne
Mr Peter Atkinson

73

Clause     18,     page     10,     line     2,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

74

Clause     18,     page     10,     line     5,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

75

Clause     18,     page     10,     line     8,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

76

Clause     18,     page     10,     line     10,     leave out 'child trust fund' and insert 'baby bond'.

 
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Prepared 2 Jan 2004