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

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Mr George Osborne
Mr Peter Atkinson

78

Clause     19,     page     10,     line     22,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

79

Clause     19,     page     10,     line     27,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

80

Clause     19,     page     10,     line     27,     leave out 'and'.

   

Mr George Osborne
Mr Peter Atkinson

81

Clause     19,     page     10,     line     31,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

82

Clause     19,     page     10,     line     31,     at end insert 'and

    (d)   that the Inland Revenue was required under regulations under section [additional contributions by Inland Revenue for children in care] to make a payment in respect of the child but either the payment had not been made or, if it had, the amount of the payment had not been credited to the child trust fund held by the child.'.

   

Mr David Laws
Norman Lamb

169

Clause     19,     page     10,     line     33,     at end add—

    '(5)   Regulations shall be made to set out how payments will be made under this section without giving offence to parents after the death of their child and these regulations shall specify whether a parental request will need to be received by the Inland Revenue before a payment under this section is made.'.

   

Mr David Laws
Norman Lamb

170

Clause     19,     page     10,     line     33,     at end add—

    '(5)   Regulations shall be made in relation to making payments under this section where the relevant child has been unlawfully killed.'.


   

Mr David Laws
Norman Lamb

156

Clause     20,     page     10,     line     36,     leave out 'of £300' and insert 'not exceeding £3,000'.

   

Mr George Osborne
Mr Peter Atkinson

186

Clause     20,     page     10,     line     36,     leave out 'of £300' and insert 'not exceeding £3,000 or a period of imprisonment for a term not exceeding 1 year'.

   

Mr George Osborne
Mr Peter Atkinson

83

Clause     20,     page     10,     line     37,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

84

Clause     20,     page     10,     line     38,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

85

Clause     20,     page     10,     line     40,     leave out 'child trust fund' and insert 'baby bond'.


   

Mr George Osborne
Mr Peter Atkinson

136

Clause     20,     page     10,     line     41,     at end insert—

      '( ) any person who assigns, or enters any agreement to assign, investments under a child trust fund or who charges on, or enters any agreement to charge, any such investments.'.

   

Mr George Osborne
Mr Peter Atkinson

86

Clause     20,     page     11,     line     3,     after '10', insert ', [additional contributions by Inland Revenue for children in care]'.

   

Mr George Osborne
Mr Peter Atkinson

87

Clause     20,     page     11,     line     9,     after '10', insert ', or [additional contributions by Inland Revenue for children in care]'.

   

Mr George Osborne
Mr Peter Atkinson

187

Clause     20,     page     11,     line     14,     leave out '£300' and insert '£3,000'.

   

Mr George Osborne
Mr Peter Atkinson

188

Clause     20,     page     11,     line     20,     leave out subsection (5).

   

Mr George Osborne
Mr Peter Atkinson

88

Clause     20,     page     11,     line     32,     at end insert '[additional contributions by Inland Revenue for children in care](2)'.

   

Mr George Osborne
Mr Peter Atkinson

89

Clause     20,     page     11,     line     38,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

189

Clause     20,     page     11,     line     41,     leave out '£300' and insert '£3,000'.

   

Mr George Osborne
Mr Peter Atkinson

90

Clause     20,     page     11,     line     42,     leave out 'child trust fund' and insert 'baby bond'.


   

Mr George Osborne
Mr Peter Atkinson

91

Clause     22,     page     13,     line     1,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

92

Clause     22,     page     13,     line     3,     after '10', insert ', or [additional contributions by Inland Revenue for children in care]'.

   

Mr George Osborne
Mr Peter Atkinson

93

Clause     22,     page     13,     line     7,     leave out 'child trust fund' and insert 'baby bond'.

   

Mr George Osborne
Mr Peter Atkinson

94

Clause     22,     page     13,     line     7,     after second 'child', insert—

      '(bb) anyone who is a nominated person and has, at any time, made an application under section 6(4A),'.

   

Mr George Osborne
Mr Peter Atkinson

95

Clause     22,     page     13,     line     9,     leave out 'child trust fund' and insert 'baby bond'.


   

Mr George Osborne
Mr Peter Atkinson

96

Clause     25,     page     15,     line     5,     leave out 'Child Trust Funds' and insert 'Baby Bonds'.


   

Mr David Laws
Norman Lamb

145

Clause     27,     page     15,     line     12,     after 'section', insert 'section [report on savings effect of child trust funds],'.

   

Mr David Laws
Norman Lamb

146

Clause     27,     page     15,     line     12,     after 'section', insert 'section [report on savings incentives],'.

   

Mr David Laws
Norman Lamb

160

Clause     27,     page     15,     line     12,     after 'section', insert 'section [proposals for conversion of child trust funds to tax-advantaged accounts for retirement saving],'.

   

Mr David Laws
Norman Lamb

159

Clause     27,     page     15,     line     12,     after '31', insert 'and subject to the provisions of section 13'.

   

Mr George Osborne
Mr Peter Atkinson

190

Clause     27,     page     15,     line     14,     leave out subsection (2).

   

Mr George Osborne
Mr Peter Atkinson

191

Clause     27,     page     15,     line     17,     at end add—

    '(4)   No order may be made under subsection (3) before 1st September 2005.'.

   

Mr David Laws
Norman Lamb

147

Clause     27,     page     15,     line     17,     at end add—

    '(4)   No order may be made under subsection (3) until the report specified in section [report on savings effect of child trust funds] has been laid before Parliament.'.

   

Mr David Laws
Norman Lamb

148

Clause     27,     page     15,     line     17,     at end add—

    '(4)   No order may be made under subsection (3) until the report specified in section [report on savings incentives] has been laid before Parliament.'.

   

Mr David Laws
Norman Lamb

157

Clause     27,     page     15,     line     17,     at end add—

    '(4)   This Act does not come into force until the Treasury has laid before each House of Parliament a document setting out proposals for child trust fund accounts to become, on maturity, tax-advantaged accounts for retirement saving.'.

   

Mr David Laws
Norman Lamb

161

Clause     27,     page     15,     line     17,     at end add—

    '(4)   No order may be made under subsection (3) until the report specified in section [proposals for conversion of child trust funds to tax-advantaged accounts for retirement saving] has been laid before Parliament.'.


   

Mr George Osborne
Mr Peter Atkinson

97

Clause     28,     page     15,     leave out line 20 and insert 'Secretary of State'.

   

Mr George Osborne
Mr Peter Atkinson

194

*Clause     28,     page     15,     line     39,     at end insert—

      '(f) so as to provide for the payment of amounts in accordance with the provisions of section 19 to a person claiming to be entitled on the death of any child and for dispensing with strict proof of this title.'.


   

Mr George Osborne
Mr Peter Atkinson

98

Clause     29,     page     16,     line     8,     at end insert—

       '"baby bond" has the meaning given by section 1(2),'.

   

Mr George Osborne
Mr Peter Atkinson

99

Clause     29,     page     16,     leave out line 10.


   

Mr George Osborne
Mr Peter Atkinson

137

Clause     30,     page     16,     line     15,     after 'Act', insert 'except section [reduction of age of majority in respect of child trust funds]'.

   

Mr George Osborne
Mr Peter Atkinson

138

Clause     30,     page     16,     line     16,     at end add—

    '(2)   Section [reduction of age of majority in respect of child trust funds] extends to Northern Ireland, but does not extend to Scotland.'.



 
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Prepared 13 Jan 2004