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Charities Bill [HL]

My Lords, I wish to ask the Minister a question about Amendment No. 38. It removes paragraphs (a) and (b), at the bottom of page 106 and the top of page 107, which set the aggregate gross income at £500,000 and tie that to an accounts threshold or an asset trigger of £2.8 million. As he mentioned, I have distaste for such multiple triggers, but they are at least on the face of the Bill. I am not clear from what he said whether the accounts threshold will disappear and we will have only a gross income figure and an asset figure, or whether the Government are just thinking about whether the threshold will disappear. If it is to disappear, I shall give three cheers, because that is one more threshold out of the way. If not, how will it make its reappearance? If I remember correctly from Committee, the accounts threshold is a Companies Act figure—nothing to do with charities regulation itself. A word of clarification would be helpful.