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Equitable Life (Payments) Bill


 

Equitable Life (Payments) Bill

 
 

EXPLANATORY NOTES

Explanatory notes to the Bill, prepared by the Treasury, are published separately as

Bill 62—EN.

EUROPEAN CONVENTION ON HUMAN RIGHTS

Mark Hoban has made the following statement under section 19(1)(a) of the Human

Rights Act 1998:

In my view the provisions of the Equitable Life (Payments) Bill are compatible with

the Convention rights.

 
Bill 62 55/1
 

 


Equitable Life (Payments) Bill

1

 

[Note: The Bill was presented under S.O. No. 50.]

A

Bill

To

provide finance for payments in cases where persons have been adversely

affected by maladministration in the regulation before December 2001 of the

Equitable Life Assurance Society; and for connected purposes. 

Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and

consent of the Lords Spiritual and Temporal, and Commons, in this present

Parliament assembled, and by the authority of the same, as follows:—

1       

Payments

(1)   

Expenditure incurred by the Treasury for or in connection with the making of

payments to which this section applies may be paid out of money provided by

Parliament.

(2)   

This section applies to any payments that the Treasury authorise in cases where

5

persons have been adversely affected by maladministration in the regulation before

December 2001 of the Equitable Life Assurance Society.

(3)   

The Treasury may make provision by order made by statutory instrument for

a payment to which this section applies to be disregarded to any extent for the

purposes of any of these—

10

(a)   

liability to tax;

(b)   

entitlement to a tax credit;

(c)   

liability to make a payment in respect of the provision under an

enactment of goods or services (including accommodation);

(d)   

a requirement to provide a document or information for purposes

15

connected with anything within paragraphs (a) to (c).

(4)   

Different provision may be made under subsection (3) for different purposes.

(5)   

A statutory instrument containing an order under subsection (3) may not be

made unless a draft has been laid before and approved by resolution of each

House of Parliament.

20

(6)   

In this section “enactment” includes an enactment contained in subordinate

legislation (within the meaning of the Interpretation Act 1978) and an

enactment contained in, or in an instrument made under, any of these—

 

Bill 62                                                                                                 

55/1

 
 

Equitable Life (Payments) Bill

2

 

(a)   

an Act of the Scottish Parliament;

(b)   

Northern Ireland legislation;

(c)   

a Measure or Act of the National Assembly for Wales.

2       

Short title

This Act may be cited as the Equitable Life (Payments) Act 2010.

5

 
 


 
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