S.C.C.

NOTICES OF AMENDMENTS

given up to and including

Tuesday 12th December 2005

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New Amendments handed in are marked thus *

STANDING COMMITTEE C

RIGHTS OF SAVERS BILL

   

Mr Stephen Timms

1

Page     1,     line     4,     leave out Clause 1.

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Mr Stephen Timms

2

Page     2,     line     35,     leave out Clause 2.

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Sir Malcolm Rifkind

20

Clause     3,     page     4,     line     25,     at end insert ', employing at least five employees'.

   

Mr Stephen Timms

3

Page     3,     line     24,     leave out Clause 3.

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Mr Stephen Timms

4

Page     4,     line     43,     leave out Clause 4.

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John Penrose

24

*Clause     5,     page     6,     line     9,     after 'child', insert 'or grandchild'.

   

John Penrose

23

*Clause     5,     page     6,     line     15,     after 'of', insert 'accredited'.

   

John Penrose

25

*Clause     5,     page     6,     line     28,     at end insert—

        "'grandchild" means—

(a)	a grandson or granddaughter of the account investor, or

(b)	a person in respect of whom the account investor's child had parental responsibility when that person reached the age of 16;'.

   

Mr Stephen Timms

5

Page     5,     line     30,     leave out Clause 5.

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Mr Stephen Timms

6

Page     7,     line     16,     leave out Clause 6.

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Mr Stephen Timms

7

Page     7,     line     29,     leave out Clause 7.

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Mr Stephen Timms

8

Page     7,     line     37,     leave out Clause 8.

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John Penrose

21

*Clause     9,     page     9,     line     11,     after 'an', insert 'annual'.

   

John Penrose

22

*Clause     9,     page     9,     line     38,     at end insert—

    '(9A)   The ninth condition is that each members life expectancy is re-assessed at an interval not exceeding twelve months.'.

   

John Penrose

26

*Clause     9,     page     9,     line     38,     at end insert—

    '(9B)   A SaRA may be converted into a Retirement Income Fund at the account holder's sole discretion, providing that he is either—

(a)	over the age of 60 or

(b)	in receipt of Incapacity Benefit, Disability Living Allowance or their successors.'.

   

John Penrose

27

*Clause     9,     page     9,     line     38,     at end insert—

    '(9C)   Section 109(1)(b) of the Education Rights Act 1996 (c. 18) shall not apply to the holder of a SaRA.'.

   

Mr Stephen Timms

9

Page     8,     line     39,     leave out Clause 9.

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Mr Stephen Timms

10

Page     9,     line     39,     leave out Clause 10.

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Mr Stephen Timms

11

Page     10,     line     9,     leave out Clause 11.

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Mr Stephen Timms

12

Page     10,     line     19,     leave out Clause 12.

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Mr Stephen Timms

13

Page     10,     line     25,     leave out Clause 13.

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Mr Stephen Timms

14

Page     10,     line     36,     leave out Clause 14.

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Mr Stephen Timms

15

Page     11,     line     1,     leave out Clause 15.

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Mr Stephen Timms

16

Page     11,     line     15,     leave out Clause 16.

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Mr Stephen Timms

17

Page     11,     line     21,     leave out Clause 17.

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Mr Stephen Timms

18

Page     12,     line     2,     leave out Schedule 1.

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Mr Stephen Timms

19

Page     14,     line     1,     leave out Schedule 2.

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Prepared 13 Dec 2005