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Notices of Amendments


given up to and including


Monday 23 February 2009


Consideration of Bill


Saving Gateway Accounts Bill, As Amended


Mr Mark Hoban




Page  1,  line  15  [Clause  1],  at beginning insert ‘Subject to subsection (4) below,’.


Mr Mark Hoban




Page  1,  line  19  [Clause  1],  at end insert—



If a person was eligible to receive a notice of entitlement by virtue of section 3(1)


but had ceased to be eligible before the notice of eligibility was issued, then the


person is still entitled to receive that notice.’.



Mr Mark Hoban




Page  2,  line  16  [Clause  3],  after ‘(2)’, insert ‘or the person is aged between 18 and


65 and has an annual income of less than that prescribed by regulations;’.


Mr Mark Hoban




Page  2,  line  35  [Clause  3],  leave out ‘subsection’ and insert ‘subsections (1) and’.



Mr Mark Hoban




Page  3,  line  3  [Clause  3],  at end insert—



The Treasury will each year lay before Parliament a report which sets out the


number of people who—



are eligible to hold a Savings Gateway account by being entitled to each


of the benefits and tax credits listed in subsection (2) above;


Notices of Amendments: 23 February 2009                  



Saving Gateway Accounts Bill, continued



are aged between 18 and 65 years old and earn less than any amount


prescribed under regulations made under subsection (4) above; and



have opened a Savings Gateway account in that year.’.


Mr Mark Hoban




Page  3,  line  33  [Clause  5],  at end insert—



Conditions imposed under subsection (1)(a) shall have regard to



location of the provider’s premises;



the provider’s commitment to financial education; and



the provider’s willingness to expand access to broader financial





Mr Mark Hoban




Page  4,  line  19  [Clause  6],  at end insert—



After the first exercise of the powers in subsection (5), the Treasury will be


required to consult interested parties on any changes to those regulations and lay


a copy of the report on this consultation before Parliament before any further


regulations are made.’.



Mr Mark Hoban




Page  5,  line  25  [Clause  11],  leave out paragraph (e).



Mr Mark Hoban




Page  7,  line  9  [Clause  16],  at end insert—



Subject to subsection (1B), funds in the account will be transferred into an


account which pays interest at a rate which is equal to or greater than the rate paid


on funds held in an Individual Savings Account as set out in the Finance Act 1998


(c. 36) operated by the Savings Gateway Account provider in question.



Where an account provider does not operate an Individual Savings Account, the


amounts will be transferred into an account that it provides which—



has no penalty for the withdrawal of funds without notice; and



offers a rate equal to or higher than the highest interest rate offered on


other accounts operated by the provider.’.



Notices of Amendments: 23 February 2009                  



Saving Gateway Accounts Bill, continued


Mr Mark Hoban




Page  13,  line  4  [Clause  27],  after ‘(4)’, insert ‘, 4’.


Mr Mark Hoban




Page  13,  line  4  [Clause  27],  after ‘(4)’, insert ‘, 6’.


Mr Mark Hoban




Page  13,  line  7  [Clause  27],  leave out ‘The first’.


Mr Mark Hoban




Page  13,  line  10  [Clause  27],  leave out subsection (6).



Order of the House [13 JANUARY 2009]


That the following provisions shall apply to the Saving Gateway Accounts Bill:





The Bill shall be committed to a Public Bill Committee.


Proceedings in Public Bill Committee



Proceedings in the Public Bill Committee shall (so far as not previously


concluded) be brought to a conclusion on Tuesday 10 February 2009.



The Public Bill Committee shall have leave to sit twice on the first day on


which it meets.


Consideration and Third Reading



Proceedings on consideration shall (so far as not previously concluded) be


brought to a conclusion one hour before the moment of interruption on the


day on which those proceedings are commenced.



Proceedings on Third Reading shall (so far as not previously concluded) be


brought to a conclusion at the moment of interruption on that day.



Standing Order No. 83B (Programming committees) shall not apply to


proceedings on consideration and Third Reading.


Other proceedings



Any other proceedings on the Bill (including any proceedings on any


message from the Lords) may be programmed.


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