Clause 185 - Failure to make payments

Pensions Bill – in a Public Bill Committee at 2:45 pm on 23rd March 2004.

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Amendment made: No. 335, in

clause 185, page 117, line 20, leave out

'in writing as soon as reasonably practicable'

and insert

'and to the members within a reasonable period'.—[Mr. Pond.]

Photo of Mr Chris Pond Mr Chris Pond Parliamentary Under-Secretary, Department for Work and Pensions

I beg to move amendment No. 336, in

clause 185, page 117, line 21, leave out subsection (3).

Photo of Mr James Cran Mr James Cran Conservative, Beverley and Holderness

With this it will be convenient to discuss Government amendment No. 337.

Photo of Mr Chris Pond Mr Chris Pond Parliamentary Under-Secretary, Department for Work and Pensions

These are tidying up and drafting amendments, so I doubt whether the Committee will dwell on them for too long. Government amendment No. 336 removes the requirement on actuaries and auditors to notify the regulator when they become aware of a failure to pay contributions in accordance with the schedule of contributions. Government amendment No. 337 removes the penalties for non-compliance with that reporting obligation. The two amendments remove duplicate provisions, as the reporting duties for actuaries and auditors are contained in clause 45, which is entitled ''Duty to report breaches of the law''. On that basis, I hope that the Committee will not have difficulty in accepting the amendment.

Amendment agreed to.

Amendment made: No. 337, in

clause 185, page 117, line 33, leave out paragraph (b).—[Mr. Pond.]

Clause 185, as amended, ordered to stand part of the Bill.