House of Commons Amendments

House of Commons

Session 2008 - 09
Internet Publications
Other Bills before Parliament

9

House of Commons

Thursday 5 February 2009

Public Bill Committee Proceedings

Saving Gateway Accounts Bill

[Fifth Sitting]

Dr Stephen Ladyman

Withdrawn  20

Clause  13,  page  6,  line  8,  leave out ‘may’ and insert ‘must’.

Dr Stephen Ladyman

Not called  21

Clause  13,  page  6,  line  16,  at end insert ‘but may not prescribe a rate of interest that

is less than the Bank of England Base Rate;’.

Clause Agreed to.

Mr Mark Hoban

Not moved  35

Clause  14,  page  6,  line  24,  leave out ‘may’ and insert ‘will’.

Clause Agreed to.

Clause 15 Agreed to.

Mr Mark Hoban

Withdrawn  36

Clause  16,  page  7,  line  9,  at end insert—

‘(1A)
Funds in the account will be transferred into an Individual Savings Account as set

out in the Finance Act 1998 (c. 36) of the kind prescribed by regulations and

operated by the provider of the Saving Gateway account in question.’.

Clause Agreed to.

Public Bill Committee Proceedings: 5 February 2009
10

Saving Gateway Accounts Bill, continued

Clauses 17 to 20 Agreed to.

Mr Jeremy Browne

Mr Colin Breed

Withdrawn  12

Clause  21,  page  9,  line  39,  leave out ‘£300’ and insert ‘£3,000’.

Clause Agreed to.

Mr Jeremy Browne

Mr Colin Breed

Withdrawn  13

Clause  22,  page  10,  line  24,  leave out ‘issued’ and insert ‘received’.

Clause Agreed to.

Clause 23 Agreed to.

Mr Jeremy Browne

Mr Colin Breed

Not moved  14

Clause  24,  page  11,  line  7,  leave out ‘given’ and insert ‘received’.

Ian Pearson

Agreed to  40

Clause  24,  page  11,  line  8,  leave out ‘an appeal’ and insert ‘a tax appeal or a

Northern Ireland appeal’.

Ian Pearson

Agreed to  41

Clause  24,  page  11,  line  14,  at end insert—

‘( )
In subsection (2)—

“tax appeal” means an appeal in any part of the United Kingdom against a

requirement to account for an amount under regulations made under

section 14;

“Northern Ireland appeal” means an appeal in Northern Ireland against any

other requirement or decision.’.

Clause, as amended, Agreed to.

Clauses 25 and 26 Agreed to.

Public Bill Committee Proceedings: 5 February 2009
11

Saving Gateway Accounts Bill, continued

Mr Jeremy Browne

Mr Colin Breed

Withdrawn  15

Clause  27,  page  13,  line  1,  leave out ‘The first’.

Mr Jeremy Browne

Mr Colin Breed

Not called  16

Clause  27,  page  13,  line  4,  leave out subsection (6).

Mr Jeremy Browne

Mr Colin Breed

Not called  17

Clause  27,  page  13,  line  7,  leave out ‘The first’.

Mr Jeremy Browne

Mr Colin Breed

Not called  18

Clause  27,  page  13,  line  11,  leave out subsection (8).

Clause Agreed to.

Clauses 28 to 32 Agreed to.

new clauses

Transfers

Mr Mark Hoban

Not called  NC1

To move the following Clause:—

‘The only circumstances in which a Saving Gateway account held with one

account provider may be transferred to another is when the account provider is

subject to the Banking Special Provisions Act 2008.’.

Payment of interest

Mr Mark Hoban

Withdrawn  NC2

To move the following Clause:—

‘There shall be no requirement for providers of Saving Gateway accounts to pay

interest’.

Public Bill Committee Proceedings: 5 February 2009
12

Saving Gateway Accounts Bill, continued

Ian Pearson

That certain written evidence already reported to the House be appended to the

proceedings of the Committee.

                                                               Agreed to



Bill to be reported, with amendments.