Clause 5

Part of Co-operative and Community Benefit Societies and Credit Unions Bill – in a Public Bill Committee at 4:30 pm on 10th June 2009.

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Photo of Malcolm Wicks Malcolm Wicks Labour, Croydon North 4:30 pm, 10th June 2009

I am happy to answer the hon. Gentleman’s question, but I am sure that the Minister will be able to give some indication of that, even if there cannot be a chronologically specific indication. This is a matter for the Minister, the Treasury and the Government and not, thankfully, for the ex-Minister.

Depending on which provisions of building society law are converted into credit union law, the Treasury may need to confer powers to make orders, regulations and other subordinate legislation to create criminal offences, and to provide for the charging of fees, but not any charge in the nature of taxation.