COMMONS AMENDMENTS

HL Deb 23 June 1998 vol 591 cc147-8

51 Clause 19, page 13, line 27, at end insert—

• ("(i) requiring prescribed amounts payable to eligible students under loans under this section to be paid directly to institutions who have previously made loans of any prescribed description to those persons;
• (j) modifying any enactment or instrument (whenever passed or made) so as to provide for the treatment, in connection with any calculation with respect to the income (however defined) of persons to whom grants or loans are made under this section, of amounts due from or payable to such persons under such grants or loans;
• (k) for appeals with respect to matters arising under the regulations (including provision for determining, or enabling the determination of, the procedure to be followed in connection with appeals).").

52 Clause 19, page 13, line 33, at end insert— ("(ba) for the payment, in respect of amounts overpaid by borrowers, of interest at such rate, and calculated in such manner, as may be determined by the Secretary of State from time to time;").

53 Clause 19, page 13, leave out lines 34 and 35 and insert— ("(c) for a borrower not to be liable to make any repayment in respect of such a loan—

1. (i) during such period as may be prescribed from time to time, or
2. (ii) in such circumstances as may be so prescribed,

including provision for the cancellation of any further such liability of the borrower in any such circumstances;").

54 Clause 19, page 13, line 41, after ("(3)(a)") insert— ("(i)").

55 Clause 19, page 13, line 43, after ("loans") insert (", and (ii) shall at no time exceed the specified rate for low interest loans").

56 Clause 19, page 14, line 5, leave out (", any government department,").

57 Clause 19, page 14, line 10, leave out ("remuneration") and insert ("emoluments").

58 Clause 19, page 14, line 16, after ("employers") insert (", or such other persons or bodies as may be prescribed,").

59 Clause 19, page 14, line 20, after ("the") insert ("keeping and").

60 Clause 19, page 14, line 21, at end insert— ("(ca) requiring the payment, by persons or bodies to whom requirements imposed in pursuance of any of paragraphs (a) to (c) apply, of—

1. (i) penalties in cases of non-compliance with, or otherwise framed by reference to, such requirements, and
2. (ii) interest in respect of periods when such penalties are due but unpaid;

(cb) requiring the payment by borrowers, in respect of periods when amounts due under their loans are unpaid, of—

1. (i) interest (applied to such amounts at a rate calculated otherwise than in accordance with subsection (4)(a)), or
2. (ii) both such interest and one or more surcharges (together with further interest in respect of periods when such surcharges are due but unpaid);").

61 Clause 19, page 14, line 28, leave out ("Income Tax") and insert ("Taxes").

62 Clause 19, page 14, line 30, at end insert— ("(f) determining the priority as between deductions falling to be made by virtue of paragraph (a)(i) and deductions falling to be made, from emoluments payable to borrowers, by virtue of other enactments (whenever passed).").

63 Clause 19, page 14, line 30, at end insert— ("(5A) In subsection (5)—

1. (a) "employers" means persons who make payments of, or on account of, income assessable to income tax tinder Schedule E, and
2. (b) "the Taxes Acts" has the same meaning as in the Taxes Management Act 1970.").

Lord Whitty

My Lords, I beg to move that the House do agree with the Commons in their Amendments Nos. 51 to 63.

Moved, That the House do agree with the Commons in their Amendments Nos. 51 to 63.—(Lord Whitty.)

On Question, Motion agreed to.