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Clause 78 — Indemnities

Dairy Farming – in the House of Commons at 6:00 pm on 12th January 2011.

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Amendments made: 6, page 47, line 12, at end insert-

'(3A) As soon as practicable after agreeing to indemnify persons under this section, the Secretary of State must lay a statement of the agreement before Parliament.'.

Amendment 7, page 47, line 23, at end insert-

'(6A) If a sum has been paid out in consequence of an indemnity agreed to under this section, the Secretary of State must lay a statement relating to that sum before Parliament-

(a) as soon as practicable after the end of the financial year in which the sum is paid out, and

(b) if subsection (4) applies to the sum, as soon as practicable after the end of each subsequent financial year in relation to which the repayment condition has not been met.

(6B) The repayment condition is met in relation to a financial year if-

(a) the whole of the sum has been repaid to the Secretary of State before the beginning of the year, and

(b) the company was not at any time during the year liable to pay interest on amounts that became due in respect of the sum.'.- (Mr Davey.)