New Clause 2

Part of Debt Relief (Developing Countries) Bill – in a Public Bill Committee at 11:00 am on 9th March 2010.

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Duration of Act

‘(1) This Act expires at the end of the period of one year begining with commencement; but this is subject to subsections (2) and (3).

(2) The Treasury may by order provide that this Act (instead of expiring at the time it would otherwise expire) expires at the end of the period of one year from that time.

(3) The Treasury may by order provide that this Act has permanent effect.

(4) An order under this section is to be made by statutory instrument.

(5) An order under this section may be made only if a draft of the statutory instrument containing it has been laid before, and appoved by a resolution of, each House of Parliament.

(6) If this Act expires by virtue of this section—

(a) the Act is to be treated as never having been in force, and

(b) accordingly, where—

(i) a judgement was given, or order or arbitration award made, on a relevant claim (as defined by sectio 5(2)) while the Act was in force, and

(ii) the amount of the judgement, order or award is, as a result of section 3, less than it would be if that section had not applied in relation to the claim, the amount of the judgement, order or award is to be treated as equal to the amount it would be if the section had not applied in relation to the claim.’.—(Mr. Gauke.)