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Proceeding contribution from Baroness Noakes (Conservative) in the House of Lords on Thursday, 10 January 2008. 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]

I asked whether subsection (1) dealt with that. The account sits there; no transaction goes through it; interest is not transferred from it; it is calculated outside the account and goes to another account. The core account, therefore, is not touched; there is not a transaction that involves it. I raised the amendment to clarify whether that separate calculation and payment of interest were correctly described as a transaction in relation to the account when it had not been touched.

Secondary information

Type
Proceeding contribution
Reference
697 c342GC 
Session
2007-08
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Codes of practice Assets Bank services Banks Building societies Fraud Education Environment Interest charges Lotteries Young people Repayments Big Lottery Fund Information Commissioner's Office Olympic Games 2012
Legislation
Dormant Bank and Building Society Accounts Bill (HL) 2007-08
Link
View this Proceeding contribution on www.publications.parliament.uk