Amendment text
at end insert—
In this Part—
In this Part—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Proposed amendments
29 amendments across 7 provisions
Clause 1 5
Amendment text
leave out from first “of” to “any”
Amendment text
after “of” insert “(or to elect how to receive)”
Amendment text
at end insert—
In subsection (3)(a) “amount owing” includes an amount available to be paid as benefits under a personal pension scheme (see section 6(1)(c) and (3)).”
In subsection (3)(a) “amount owing” includes an amount available to be paid as benefits under a personal pension scheme (see section 6(1)(c) and (3)).”
Amendment text
at end insert—
Additional assets may be added to the scheme using powers under section 19, including where this is recommended by a report laid under section (Requirement to review the operation of the dormant assets scheme).”
Additional assets may be added to the scheme using powers under section 19, including where this is recommended by a report laid under section (Requirement to review the operation of the dormant assets scheme).”
Clause 2 1
Amendment text
leave out “were” and insert “are”
Clause 3 3
Amendment text
leave out line 35 and insert—
Proceeds of a contract of long-term insurance held in a Lifetime ISA are excluded from subsection (1) if their transfer to an authorised reclaim fund would result in liability to pay a withdrawal charge to HMRC.”
Proceeds of a contract of long-term insurance held in a Lifetime ISA are excluded from subsection (1) if their transfer to an authorised reclaim fund would result in liability to pay a withdrawal charge to HMRC.”
Amendment text
leave out from “insurance” to “, after”
Amendment text
after “are” insert “(subject to subsections (2) and (2A))”
Clause 5 1
Amendment text
leave out “were” and insert “are”
Clause 7 2
Amendment text
leave out “proceeds” and insert “benefits”
Amendment text
leave out “the person mentioned in subsection (2)(a) or” and insert “a person mentioned in subsection”
Clause 9 8
Amendment text
leave out paragraphs (b) and (c) and insert—
“umbrella company sub-fund” means a separate part of the property of an umbrella company that is pooled separately;
“umbrella company sub-fund” means a separate part of the property of an umbrella company that is pooled separately;
Amendment text
leave out “,“umbrella co-ownership scheme””
Amendment text
after “scheme” insert “sub-fund”
Amendment text
leave out “a sub-fund” and insert “an umbrella unit trust scheme sub-fund”
Amendment text
leave out “a sub-fund of an OEIC,” and insert “an umbrella company sub-fund,”
Amendment text
at end insert—
An amount held in a Lifetime ISA is excluded from subsection (3) if its transfer to an authorised reclaim fund would result in liability to pay a withdrawal charge to HMRC.”
An amount held in a Lifetime ISA is excluded from subsection (3) if its transfer to an authorised reclaim fund would result in liability to pay a withdrawal charge to HMRC.”
Amendment text
after “is” insert “(subject to subsection (3A))”
Amendment text
leave out line 17
Clause 29 9
Amendment text
at end insert—
An order under this section may enable the creation of funds (to be known as “community wealth funds”) that may make grants and other payments to support the provision of social infrastructure to further the wellbeing of communities suffering from high levels of deprivation and low levels of social infrastructure.
An order under this section may enable the creation of funds (to be known as “community wealth funds”) that may make grants and other payments to support the provision of social infrastructure to further the wellbeing of communities suffering from high levels of deprivation and low levels of social infrastructure.
Amendment text
Insert the following new Clause—
“Requirement to review the dormant assets scheme
“Requirement to review the dormant assets scheme
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
leave out lines 19 and 20 and insert—
representatives of social enterprises and charities,
representatives of social enterprises and charities,
Amendment text
Insert the following new Clause—
“Capacity of the Oversight Trust
“Capacity of the Oversight Trust
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.
Amendment text
at end insert—
An order under this section may not be made unless the Secretary of State has certified that dormant account money will be used to fund projects, or aspects of project, for which funds would be unlikely to be made available by a Government department.”
An order under this section may not be made unless the Secretary of State has certified that dormant account money will be used to fund projects, or aspects of project, for which funds would be unlikely to be made available by a Government department.”
Amendment text
at end insert—
Regulations made under this section must specify that any organisation in receipt of a distribution of dormant account money—
Regulations made under this section must specify that any organisation in receipt of a distribution of dormant account money—
The Bills API publishes only the tabling instruction here, not the inserted text itself — the full wording is set out in the marshalled Amendment Paper.
Amendment text
leave out lines 17 to 20 and insert “—
carry out a public consultation about the purposes for which, or the kinds of person to which, the money apportioned under section 17 for meeting English expenditure should be distributed, and
carry out a public consultation about the purposes for which, or the kinds of person to which, the money apportioned under section 17 for meeting English expenditure should be distributed, and
Amendment text
In inserted subsection (3A), after paragraph (b) insert—
the merits of establishing a community wealth fund or funds under the scheme.”
the merits of establishing a community wealth fund or funds under the scheme.”
Amendment text
Insert the following new Clause—
“Periodic review and report to Parliament
“Periodic review and report to Parliament
Only the heading is published via the Bills API — the full text of this new clause/schedule is set out in the marshalled Amendment Paper.