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Sale of Student Loans Bill

I am grateful to the Minister for his spelling out of these things. As I suggested, my amendments were probing amendments to seek clarification, and the Minister has given us considerable clarification. The one issue I raise is on Amendment No. 9, about transfer arrangements in Clause 2(3): "““Transfer arrangements may include””—" I suggest that it should be ““specify””— "““provision as to who is entitled to interest, penalties””," and so forth. As the Minister explained, the main repayments are covered by subsections (1) and (2), but there are perhaps other elements of payments that must be made. He also made it clear that, within the contract with any purchaser, it would be clear—the word the Minister used—who collates these revenues. It is a minor issue of semantics, granted, but the term ““specify”” covers that. The contract will have to specify this, because it will be made clear. Why we cannot have the same wording in the Bill, I do not know. Granted, it does not really make much difference and I am not going to quibble about it. Nevertheless, it seems to me that it will be specified. To call a spade a spade, if you are going to specify it you might as well say so in the Bill. The answer to the amendments of the noble Baroness, Lady Verma, wanting to include the name of the Student Loans Company came as I expected. I have to admit that I had not appreciated that it was a private company. I had thought that it was a public company, but am interested that it is private. On Amendment No. 21, the Minister is right that there is no need to spell it out at greater length.