Proceeding contribution from Lord Higgins (Conservative) in the House of Lords on Tuesday, 11 December 2007. It occurred during Debate on bill and Committee proceeding on Dormant Bank and Building Society Accounts Bill [HL].
Dormant Bank and Building Society Accounts Bill [HL]
The Minister has not answered my question on similar examples. If this kind of thing is going to go on, it is always helpful to be able to say, ““It is in the same position as this or that body””. Is this a unique arrangement? Is there no other private body that would be subject to the kind of relationship with the Treasury implied in the clause? I was completely puzzled by what the Minister said about the Treasury taking court action if it did not think the body was acting correctly. It may have been a slip of the tongue; if so, we are obviously prepared to accept that. However, my understanding is that if the Treasury does not like what is happening, it will give a direction. There is no mention of court action whatever. Perhaps the Minister will clarify that.
Secondary information
- Type
- Proceeding contribution
- Reference
- 697 c56GC
- Session
- 2007-08
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Disclosure of information Compensation Databases Codes of practice Charities Companies Assets Bank services Banks Building societies Fraud Finance Financial Services Authority Private sector Lotteries Public bodies Registration Regulation Repayments Shareholders Big Lottery Fund Commission on Unclaimed Assets
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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