Question proposed, That the clause stand part of the Bill.

I have just one question. The clause appears to apply to controlled foreign companies, which we will consider later in the Bill. How do the new rules interact with the CFC reforms from 2012 onwards?

I am grateful for that question.

It is not a point of substance. Perhaps the Minister could clarify that in a note following the Committee? I would be happy with that.

Question put and agreed to.

Clause 29 accordingly ordered to stand part of the Bill.

Clause 30 ordered to stand part of the Bill.

Schedule 5 agreed to.