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S.C.A.
Amendment Paper as at
Thursday 15th January 2004
STANDING COMMITTEE A
CHILD TRUST FUNDS BILL
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 David Laws
Norman Lamb
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
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 David Laws
Norman Lamb
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
Norman Lamb
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
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
181
Clause 15, page 8, line 6, leave out paragraphs (b) to (f).
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
182
Clause 17, page 9, line 6, leave out subsection (2).
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
183
Clause 17, page 9, line 12, leave out from second 'the' to end of line 13 and insert 'collection of statistical information relating to child trust funds'.
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
184
Clause 17, page 9, line 22, after 'held', insert 'before April 2005'.
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'.
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