My noble friend of course wants far more detailed clarification than I am about to give him. I undertake to ensure that such clarification is passed to all Members. However, the devolved Assemblies and authorities can make orders to restrict the kind of purposes and people to which money from dormant accounts may be distributed. That comes under the Sections 19 to 21 of the Dormant Bank and Building Society Accounts Act 2008; some safeguards are already in place. However, I completely understand my noble friend’s concern. Therefore, to ensure further clarity I would rather undertake to write and give a much fuller explanation that will, I hope, satisfy him.
Distribution of Dormant Account Money (Apportionment) Order 2011
Proceeding contribution from
Baroness Verma
(Conservative)
in the House of Lords on Tuesday, 5 July 2011.
It occurred during Debates on delegated legislation on Distribution of Dormant Account Money (Apportionment) Order 2011.
About this proceeding contribution
Reference
729 c100GC Session
2010-12Chamber / Committee
House of Lords Grand CommitteeSubjects
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2023-12-15 20:55:42 +0000
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