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Banking (Special Provisions) Bill [WAYS AND MEANS]

Volume 472: debated on Tuesday 19 February 2008

Motion made, and Question put forthwith, pursuant to Standing Order No. 52(1)(a),

That, for the purposes of any Act resulting from the Banking (Special Provisions) Bill, it is expedient to authorise—

(1) the conferring of power on the Treasury to make provision for or in connection with varying the effect of any tax (including stamp duty) in relation to or in connection with—

(a) anything done for the purpose of, in relation to, or by or under or in consequence of, an order made by the Treasury under the Act which transfers, extinguishes or otherwise affects certain securities or property, rights or liabilities,

(b) any securities, or property, rights or liabilities, which are transferred, extinguished or otherwise affected by provision made by or under such an order, and

(c) certain securities issued by, or certain property, rights or liabilities of, any transferee or any body in relation to whom such an order is made, and

(2) the payment of sums into the Consolidated Fund.—[Liz Blackman.]

Question agreed to.