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Clause 1 - Disapplication of apportionment etc. rules

Part of Trusts (Capital and Income) Bill [LORDS] – in a Public Bill Committee at 8:55 am on 13th November 2012.

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Photo of Rob Flello Rob Flello Shadow Minister (Justice) 8:55 am, 13th November 2012

It is a pleasure to serve under your chairmanship, Mr Leigh.

Although the measure is a Government Bill, it was instigated by the Law Commission, which started work on it in 2000, under the Labour Government. I again take the opportunity to commend the Law Commission for its unstinting work over a long time.

The Minister kindly wrote to me following the questions I asked in the Second Reading Committee. Although her reply contains no particularly new information, it confirms that the Government are relying on the Law Commission and the Law Society for technical support on the Bill. Given that both eminent organisations, as well as other learned lawyers, have expressed something between contentment and praise for the measure, there is little more that the Committee can add.

However, in view of the lack of detail in the impact assessment, I urge the Government to keep eyes and ears open for any future representations from those experiencing the effects of the Bill, and to be quick to return to Parliament with any amendments that might prove necessary.

I look forward to the Bill’s becoming law, and the benefits that it will hopefully bring to practitioners and beneficiaries alike.