House of Commons Public Bill Committee Proceedings

House of Commons

Session 2007 - 08
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Other Bills before Parliament

5

House of Commons

Wednesday 15th October 2008

Public Bill Committee Proceedings

Dormant Bank and Building Society Accounts Bill [Lords]

[Second Sitting]

Ian Pearson

Agreed to  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.’.

Mr Mark Hoban

Not called  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.’.

Clause, as amended, Agreed to.

Mr Martyn Jones

Not selected  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

Withdrawn  48

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

Mr Jeremy Browne

Withdrawn  49

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

account funds.’.

Public Bill Committee Proceedings: 15th October 2008
6

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

Mr Jeremy Browne

Not called  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.

(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

Not selected  18

Page  7,  line  15,  leave out Clause 12.

Clause Disagreed to.

Clauses 13 to 16 Agreed to.

Schedule 2 Agreed to.

Mr Mark Hoban

Withdrawn  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.’.

Public Bill Committee Proceedings: 15th October 2008
7

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

Clause Agreed to.

Mr Martyn Jones

Not selected  52


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

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

distribution.’.

Schedule Agreed to.

Mr Mark Hoban

Withdrawn  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

Withdrawn  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’.

Clause Agreed to.

Mr Jeremy Browne

Withdrawn  5

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

‘(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

Not called  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.’.

Clause Agreed to.

Clauses 20 to 22 Agreed to.

[Adjourned till Thursday at 9.00 a.m.