HC Deb 20 May 1999 vol 331 cc1326-7

Amendments made: No. 54, in page 12, line 46, leave out

'rights of a person under unapproved pension arrangements'

and insert

'or in connection with enabling rights of a person under an unapproved pension arrangement'.

No. 55, in page 13, line 1, leave out from 'under' to `future' in line 4 and insert

'this section may, in particular, make provision—

  1. (a) for rights under an unapproved pension arrangement to be excluded from a person's estate—
    1. (i) by an order made on his application by a prescribed court, or
    2. (ii) in accordance with a qualifying agreement made between him and his trustee in bankruptcy;
  2. (b) for the court's decision whether to make such an order in relation to a person to be made by reference to— (i)".

No. 56, in page 13, line 5, leave out

'(b) the extent to which any pension and other benefits'

and insert

'(ii) whether any benefits (by way of a pension or otherwise) are'.

No. 57, in page 13, line 6, at end insert

`and (if so) the extent to which they'.

No. 58, in page 13, line 7, at end insert— `(c) for the prescribed persons in the case of any pension arrangement to provide a person or his trustee in bankruptcy on request with information reasonably required by that person or trustee for, or in connection with, the making of such applications and agreements as are mentioned in paragraph (a).'.

No. 59, in page 13, line 8, after 'section' insert— ' "prescribed" means prescribed by regulations under this section; qualifying agreement" means an agreement entered into in such circumstances, and satisfying such requirements, as may be prescribed;'.

No. 60, in page 13, line 12, leave out from 'a' to end of line 13 and insert 'prescribed description.'.

No. 61, in page 13, line 13, at end insert—

'(4) For the purposes of this section a person shall be treated as having a right under an unapproved pension arrangement where—

  1. (a) he is entitled to a credit under section 23(1)(b) as against the person responsible for the arrangement (within the meaning of Chapter I of Part IV), and
  2. (b) the person so responsible has not discharged his liability in respect of the credit?.—[Mr. Kevin Hughes.]

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