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Regulatory Enforcement and Sanctions Bill [HL]

moved Amendment No. 17: 17: Schedule 3, page 41, leave out line 39 The noble Lord said: I shall speak to Amendment No. 17 very shortly and then deal with Amendments Nos. 58 and 64. Amendment No. 17 removes the Fire Precautions Act 1971 from Schedule 3, and it is the example that I was trying to find a few minutes ago. The Fire Precautions Act 1971 has, as I am sure the Committee knows, been repealed and should not therefore be included in Schedule 3. This amendment will ensure that Schedule 3 is accurate and up to date. Amendments Nos. 58 and 64 are technical amendments that follow from the power to dissolve the LBRO that is included in Clause 17, which we will debate later. These powers allow the Treasury to make detailed provision for the treatment of tax associated with any transfer of the LBRO’s property rights, rights of liabilities to another person—which is likely to be a government department or other public body—at the point of its dissolution. Any order made under Clause 17 will be subject to the negative resolution procedure. The new clause would allow the Treasury to provide by order for the treatment of the tax implications associated with the transfer. That would ensure that there are no adverse consequences for the public purse. The use of an order-making power to this effect allows for possible changes in tax law between now and dissolution. There are comparable provisions in Section 5 of the Legislative and Regulatory Reform Act dealing with any comparable transfers between bodies made by a legislative and regulatory reform order. I beg to move.