29

House of Commons

Tuesday 14th October 2008

Public Bill Committee

New Amendments handed in are marked thus

Amendments which will comply with the required notice period at their next appearance

Dormant Bank and Building Society Accounts Bill [Lords]

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Note

The Amendments have been arranged in accordance with the Resolution of the

Programming Sub-Committee [13th October 2008].

Resolution of the Programming Sub-Committee

The Programming Sub-Committee appointed by the Speaker in respect of the Bill

agreed the following Resolution at its meeting on Monday 13th October 2008 (Standing

Order No. 83C):

That—

(1)	the Committee shall (in addition to its first meeting at 10.30 a.m. on Tuesday

14th October) meet—

(a)	at 2.30 p.m. on Wednesday 15th October;

(b)	at 9.00 a.m. and 1.00 p.m. on Thursday 16th October;

(2)	the proceedings shall be taken in the following order: Clauses 1-5; Schedule

1; Clauses 6 to 16; Schedule 2; Clause 17; Schedule 3; Clauses 18 to 33; new

Clauses; new Schedules; remaining proceedings on the Bill;

(3)	the proceedings shall (so far as not previously concluded) be brought to a

conclusion at 4.30 p.m. on Thursday 16th October.

Ian Pearson has given notice of his intention to move a motion in the terms of the

Resolution of the Programming Sub-Committee [Standing Order No. 83C(9)].

Ian Pearson

That, subject to the discretion of the Chairman, any written evidence received by the

Public Bill Committee: 14th October 2008

30

Dormant Bank and Building Society Accounts Bill-[ [], continued

Committee shall be reported to the House for publication.

Mr Jeremy Browne

1

Clause  1,  page  1,  line  6,  leave out from ‘fund’ to end of line 8 and insert—

‘(i)	the balance of a dormant account that a person (“the customer”)

holds with it, and

(ii)	the name, date of birth and last known address of that customer,

and’.

Ian Pearson

8

Clause  1,  page  1,  line  15,  at end insert—

‘( )	The reference in subsection (1) to an account that a person holds is to be read as

including an account held by a deceased individual immediately before his or her

death.

In such a case, a reference in subsection (2) to the customer is to be read as a

reference to the person to whom the right to payment of the balance has passed.’.

Ian Pearson

9

Clause  2,  page  2,  line  1,  leave out ‘building society or a smaller bank’ and insert

‘smaller bank or building society’.

Ian Pearson

10

Clause  2,  page  2,  line  19,  at end insert—

‘( )	The reference in subsection (1) to an account that a person holds is to be read as

including an account held by a deceased individual immediately before his or her

death.

In such a case, a reference in subsection (2) to the customer is to be read as a

reference to the person to whom the right to payment of the balance has passed.’.

Ian Pearson

11

Clause  2,  page  2,  line  27,  after ‘bank’, insert ‘or building society’.

Ian Pearson

12

Clause  3,  page  2,  line  43,  after ‘bank’, insert ‘or building society’.

Ian Pearson

13

Clause  3,  page  2,  line  46,  after ‘bank’, insert ‘or building society’.

Public Bill Committee: 14th October 2008

31

Dormant Bank and Building Society Accounts Bill-[ [], continued

Mr Jeremy Browne

2

Clause  3,  page  3,  line  11,  leave out from ‘section’ to end of line 11 and insert ‘may

not be made unless a draft of the regulations has been laid before, and approved by a

resolution of, the House of Commons.’.

Mr Mark Hoban

26

Clause  5,  page  4,  line  32,  at end insert—

‘(4A)

Any direction given under this section may not be made unless a draft statutory

instrument containing such a direction has been laid before, and approved by a

resolution of, each House of Parliament.’.

Ian Pearson

21

Schedule  1,  page  17,  line  24,  leave out ‘, the following information in relation to

that year’.

Ian Pearson

22

Schedule  1,  page  17,  line  24,  at end insert—

‘( )	its annual accounts and reports for that year (within the meaning given

by section 471 of the Companies Act 2006 (c. 46));’.

Ian Pearson

23

Schedule  1,  page  17,  line  26,  after ‘fund’, insert ‘in that year’.

Ian Pearson

24

Schedule  1,  page  17,  line  28,  after ‘fund’, insert ‘in that year’.

Ian Pearson

25

Schedule  1,  page  17,  line  31,  after ‘transferred’, insert ‘in that year’.

Mr Mark Hoban

27

Schedule  1,  page  17,  line  32,  at end insert—

‘(d)	the name of each bank and building society in existence who did not

transfer money to the fund.’.

Public Bill Committee: 14th October 2008

32

Dormant Bank and Building Society Accounts Bill-[ [], continued

Ian Pearson

14

Page  4,  line  40,  leave out Clause 6.

Mr Martyn Jones

50

Clause  7,  page  5,  line  31,  at end add—

‘“transaction” means any customer-initiated contact with the bank or

building society.’.

Mr Jeremy Browne

3

Clause  11,  page  6,  line  37,  at end insert ‘and,

(c)	the bank or building society in question has exhausted all reasonable

efforts to inform the account holder of the funds that bank or building

society holds on their behalf.’.

Mr Mark Hoban

47

Clause  11,  page  6,  line  38,  leave out ‘at any time during that period’.

Ian Pearson

15

Clause  11,  page  7,  line  3,  at end insert ‘in all circumstances’.

Mr Mark Hoban

46

Clause  11,  page  7,  line  3,  at end insert—

‘(2A)

Where under the terms of the account withdrawals were prevented or there was a

penalty or other disincentive for making withdrawals, the period of dormancy as

set out in subsection (1)(a) above will start when withdrawals can be made or

when the penalty or other disincentive expires’.

Ian Pearson

16

Clause  11,  page  7,  line  4,  leave out subsection (3).

Ian Pearson

17

Clause  11,  page  7,  line  13,  at end insert—

‘( )	The Treasury may by order amend the figure in subsection (1)(a).

( )	An order under this section is subject to annulment in pursuance of a resolution

of either House of Parliament.’.

Public Bill Committee: 14th October 2008

33

Dormant Bank and Building Society Accounts Bill-[ [], continued

Mr Mark Hoban

28

Clause  11,  page  7,  line  13,  at end insert—

‘(6)	The Treasury may by order reduce the period of dormancy referred to in

subsection (1)(a).

(7)	An order made under subsection (6) may not be made unless a draft of the

statutory instrument containing it has been laid before, and approved by a

resolution of, each House of Parliament.’.

Mr Martyn Jones

51

Clause  12,  page  7,  line  33,  at end insert ‘including the specific definitions of

dormancy used by banks and building societies’.

Mr Jeremy Browne

48

Clause  12,  page  8,  line  2,  after first ‘of’, insert ‘or who are affected by’.

Mr Jeremy Browne

49

Clause  12,  page  8,  line  3,  at end insert ‘and the operation of the register of dormant

account funds.’.

Mr Jeremy Browne

7

Clause  12,  page  8,  line  5,  at end add—

‘(6)	Where the report recommends the establishment and maintenance of a register of

dormant account funds, the Secretary of State may make such regulations as are

necessary for the establishment and maintenance of a register of dormant account

funds (“the register”).

(7)	The regulations made under subsection (6) shall provide for—

(a)	particulars relating to the dormant account to be entered into the register;

(b)	arrangements to allow any registered charity to enquire of the Registrar

whether the register includes an account in the name of an individual

from whom the charity might expect to benefit; and

(c)	other particulars as may be prescribed by the Secretary of State.

(8)	Before making any regulations under subsection (6), the Secretary of State shall

consult—

(a)	such persons as are likely to be affected by those regulations; and

(b)	such persons appearing to him to be representatives of persons likely to

be so affected.

(9)	Regulations under subsection (6)—

(a)	may make different provision for different cases; and

(b)	may contain such incidental, supplemental, consequential and

transitional provision as the Secretary of State thinks fit.

(10)	The power to make regulations under subsection (6) is exercisable by statutory

instrument.

Public Bill Committee: 14th October 2008

34

Dormant Bank and Building Society Accounts Bill-[ [], continued

(11)	No regulations may be made under subsection (6) unless a draft of the statutory

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

resolution of, each House of Parliament.’.

Ian Pearson

18

Page  7,  line  15,  leave out Clause 12.

Mr Mark Hoban

29

Clause  17,  page  9,  line  17,  at end insert—

‘(4A)

Any grant or loan made under subsection (1) must not—

(a)	replace or substitute for government or local authority expenditure;

(b)	subsidise or provide part of the costs for a service that is provided on a

contract basis for a statutory body;

(c)	replace statutory funding that has been withdrawn or is in danger of being

withdrawn; or

(d)	duplicate services that a statutory body currently provides.’.

Mr Martyn Jones

52

Schedule  3,  page  25,  line  32,  at end insert—

‘(c)	prepare in respect of each financial year a statement of regional

distribution.’.

Mr Mark Hoban

31

Clause  18,  page  9,  line  26,  leave out from ‘apportioned’ to end of line 33 and insert

‘on a per capita basis between England, Wales, Scotland and Northern Ireland’.

Mr Mark Hoban

30

Clause  18,  page  10,  line  5,  at end insert—

‘(3A)

For the purposes of this section, B should not be more than 5 per cent. of A’.

Mr Jeremy Browne

5

Clause  19,  page  10,  line  28,  at end insert—

Public Bill Committee: 14th October 2008

35

Dormant Bank and Building Society Accounts Bill-[ [], continued

‘(1A)

The Secretary of State may, by order, amend the distribution areas listed in

subsection (1).

(1B)	An order made under subsection (1A) may not be made unless a draft has been

laid before, and approved by a resolution of, the House of Commons.’.

Mr Mark Hoban

32

Clause  19,  page  10,  line  34,  at end add—

‘(3)	For the purposes of making a distribution under subsection (1), each of (1)(a),

(1)(b) and (1)(c) should rank equally.’.

Ian Pearson

19

Clause  23,  page  11,  line  31,  leave out subsection (2).

Mr Mark Hoban

33

Clause  23,  page  11,  line  35,  after ‘State’, insert ‘in charge of Lottery matters’.

Mr Mark Hoban

34

Clause  23,  page  12,  line  15,  leave out ‘Secretary of State’s consent’ and insert

‘consent of Secretary of State in charge of Lottery matters’.

Mr Mark Hoban

35

Clause  23,  page  12,  line  18,  at end insert ‘in charge of Lottery matters’.

Mr Mark Hoban

36

Clause  23,  page  12,  line  19,  after ‘State’, insert ‘in charge of Lottery matters’.

Mr Mark Hoban

37

Clause  24,  page  12,  line  39,  after ‘State’, insert ‘in charge of Lottery matters’.

Mr Mark Hoban

38

Clause  24,  page  13,  line  1,  after ‘State’, insert ‘in charge of Lottery matters’.

Mr Mark Hoban

39

Clause  24,  page  13,  line  8,  after ‘State’, insert ‘in charge of Lottery matters’.

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Revised 14 October 2008