| Amendments proposed to the Child Trust Funds Bill - continued | House of Commons |
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Mr George Osborne 173 *Clause 9, page 5, line 9, after '(5)', insert 'or the condition in subsection (9)'.
Mr George Osborne 174 *Clause 9, page 5, line 10, leave out first 'That' and insert 'The condition in this subsection'.
Mr George Osborne 175 *Clause 9, page 5, line 10, after second 'that', insert 'the child benefit commencement date fell on or after 6th April 2003 and'.
Mr George Osborne 124 Clause 9, page 5, line 12, leave out 'entitled to' and insert 'eligible for'.
Mr George Osborne 125 Clause 9, page 5, line 13, leave out from 'date' to end of line 17.
Mr George Osborne 176 *Clause 9, page 5, line 41, leave out subsection (9) and insert—'(9) The condition in this subsection is that—
(9C) In making regulations under subsection (9B) the Treasury shall, as far as practicable, secure that the terms in that subsection are interpreted so as to provide that the condition in subsection (9) shall be satisfied in relation to levels of income, income threshold and entitlement similar to those enabling the condition in subsection (5) to be satisfied, taking account of any change in the value of money.'.
Mr George Osborne 126 Clause 9, page 5, line 47, leave out '2003' and insert '2002'.
Mr David Laws 152 Clause 9, page 6, line 7, at end add—'(11) The supplementary contribution shall be fixed at an amount of not less than 100 per cent. of the initial contribution amount.'.
Mr George Osborne 40 Clause 10, page 6, line 10, leave out 'child trust funds' and insert 'baby bonds'.
Mr George Osborne 127 Clause 10, page 6, line 14, leave out from 'of' to end of line and insert '£50, or £100 for a child to whom section 9 applies'.
Mr George Osborne 128 Clause 10, page 6, line 16, leave out from 'attaining' to end of line and insert 'the age of seven'.
Mr George Osborne 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 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
Mr George Osborne 41 Clause 10, page 6, line 22, leave out 'child trust funds' and insert 'baby bonds'.
Mr David Laws 167 *Clause 10, page 6, line 23, at end add—'(4) The amounts prescribed by, or determined in accordance with, regulations under subsection (1) shall be fixed at—
Mr David Laws 168 *Clause 10, page 6, line 23, at end add—'(4) The amounts prescribed by, or determined in accordance with, regulations under subsection (1) shall be announced by the Chancellor of the Exchequer at least 2 years before the date of each such payment.'.
Mr George Osborne 42 Clause 11, page 6, line 27, leave out 'child trust fund' and insert 'baby bond'.
Mr George Osborne 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 43 Clause 11, page 6, line 31, after '10', insert 'or [additional contributions by Inland Revenue for children in care]'.
Mr David Laws 154 Page 4, line 24, leave out Clause 11.
Mr George Osborne 131 Clause 12, page 6, line 34, leave out subsection (1).
Mr George Osborne 44 Clause 12, page 6, line 34, leave out 'child trust fund' and insert 'baby bond'.
Mr David Cameron 45 Clause 12, page 6, line 36, at beginning insert 'Except where subsection (2A) applies,'.
Mr George Osborne 132 Clause 12, page 6, line 36, leave out 'Regulations may prescribe'.
Mr George Osborne 46 Clause 12, page 6, line 37, leave out 'child trust fund' and insert 'baby bond'.
Mr George Osborne 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 47 Clause 12, page 6, line 38, leave out 'child trust fund' and insert 'baby bond'.
Mr David Cameron 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 David Laws 164 *Clause 12, page 6, line 39, at end insert—'(2A) Regulations shall prescribe a minimum amount for a subscription by any individual into a single child trust fund in any one month and the minimum amount so prescribed shall not be above £5.'.
Mr George Osborne 49 Clause 12, page 6, line 40, leave out 'child trust fund' and insert 'baby bond'.
Mr George Osborne 134 Clause 12, page 6, line 41, after second 'the', insert 'first day of the month that includes the'.
Mr George Osborne 50 Clause 12, page 6, line 41, leave out 'child trust fund' and insert 'baby bond'.
Mr George Osborne 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 David Laws 166 *Clause 12, page 6, line 43, at end add—'(4) The Inland Revenue shall publish proposals for subscriptions to be made to child trust funds by electronic means.'.
Mr David Laws 172 *Clause 12, page 6, line 43, at end add—'(4) The Inland Revenue shall publish, by 31st March 2005, proposals to allow direct payments of child benefit to child trust fund accounts.'.
Mr George Osborne 51 Clause 13, page 7, line 7, leave out 'child trust funds' and insert 'baby bonds'.
Mr George Osborne 52 Clause 13, page 7, line 11, leave out 'child trust funds' and insert 'baby bonds'.
Mr David Laws 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.'.
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