House of Commons portcullis
House of Commons
Session 2003 - 04
Internet Publications
Other Bills before Parliament


 

 



LORDS AMENDMENTs

TO THE

CHILD TRUST FUNDS BILL

[The page and line references are to HL Bill 25 as first printed for the Lords.]

Clause 3

1

Page 3, line 10, at end insert “(but subject to subsection (9A))”

2

Page 3, line 26, at end insert—

 

“(9A)   

Regulations may provide that, in circumstances prescribed by the

 

regulations, the person who has the authority to manage a child trust fund

 

held by a child under 16 is to be the Official Solicitor (in England and Wales

 

or Northern Ireland) or the Accountant of Court (in Scotland).

 

(9B)   

A person who has the authority to manage a child trust fund by virtue of

 

subsection (9A) is entitled to give any instructions to the account provider

 

with respect to its management which appear to the person who has that

 

authority to be for the benefit of the child.”

Clause 4

3

Page 4, line 2, leave out from first “estate” to end of line 3

Clause 5

4

Page 4, line 12, leave out from beginning to “to” in line 13 and insert—

 

“(3)   

An application may be made—

 

(a)   

if the child is 16 or over, by the child, or

 

(b)   

otherwise, by a responsible person,”

5

Page 4, line 16, after “made” insert—

 

“(a)   

within such period beginning with the day on which the voucher is

 

issued as is prescribed by regulations, and

 

(b)   

 
Bill 10153/3

 

(  2  )

6

Page 4, line 21, leave out subsection (6)

Clause 10

7

Page 7, line 8, at end insert—

 

“(4)   

For the purposes of this section, a child is to be treated as being an eligible

 

child if entitlement to child benefit in respect of the child is excluded by—

 

(a)   

paragraph 1(a) of Schedule 9 to the Social Security Contributions

 

and Benefits Act 1992 (c. 4) (children in custody), or

 

(b)   

paragraph 1(1)(a) to (d) of Schedule 9 to the Social Security

 

Contributions and Benefits (Northern Ireland) Act 1992 (c. 7)

 

(corresponding provision for Northern Ireland).”

Clause 20

8

Page 12, line 19, leave out from beginning to “5(5)” in line 23 and insert—

 

“(a)   

the provision by the account provider, as a child trust fund, of an

 

account which does not meet the condition in subsection (7A),

 

(b)   

a failure by the account provider to comply with section 8(2) or 9(3)

 

or with a requirement imposed on the account provider by

 

regulations under section”

9

Page 12, line 25, at end insert—

 

“(7A)   

An account meets the condition referred to in subsection (7)(a) if—

 

(a)   

it is of one of the descriptions prescribed by regulations under

 

section 3(2),

 

(b)   

section 3(4) is complied with in relation to it, and

 

(c)   

the requirements imposed by regulations under section 3(5) are

 

satisfied in relation to it.”

10

Page 12, line 29, leave out from “each” to end of line 31 and insert “account affected

 

by the matter, or any of the matters, in respect of which the penalty is imposed,”

Clause 23

11

Page 14, line 11, leave out “prescribed manner” and insert “manner prescribed by

 

regulations”

Clause 28

12

Page 16, line 29, at end insert—

 

“( 4A)   

No regulations to which this subsection applies may be made unless a draft

 

of the instrument containing them has been laid before, and approved by a

 

resolution of, each House of Parliament.

 

(4B)   

Subsection (4A) applies to—

 

(a)   

regulations under section 2(7) or 10(1) or (2), and

 

(b)   

regulations which prescribe an amount under section 8(1) or 9(2),

 

other than the first regulations which do so.”

13

Page 16, line 32, after “is” insert “(unless a draft of the instrument has been laid

 

before, and approved by a resolution of, each House of Parliament)”


 
contents
 
House of Commons home page Houses of Parliament home page House of Lords home page search page enquiries

© Parliamentary copyright 2004
Revised 5 May 2004