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Amendments to the Government Resources and Accounts Bill

Government Resources and Accounts Bill -
Amendments to be debated in the House of Lords

Here you can browse the Amendments to the Government Resources and Accounts Bill to be moved on Report in the House of Lords.

  
Clause 5
 
  
BY THE LORD HIGGINS
THE VISCOUNT BRIDGEMAN
 
     Page 3, line 19, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 3, line 20, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 3, line 26, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 3, line 29, at end insert--
 
    ("(  )  For the purpose of subsection (3)(a) and (b) the Treasury shall in particular--
    (a)  have regard to any relevant guidance issued by the Accounting Standards Board Limited or any other body prescribed for the purposes of section 256 of the Companies Act 1985 (accounting standards), and
    (b)  require resource accounts to include, subject to paragraph (a), a statement of financial performance, a statement of financial position and a cash flow statement.")
 
  
Clause 7
 
  
BY THE LORD HIGGINS
THE VISCOUNT BRIDGEMAN
 
     Page 4, line 36, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 4, line 39, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
  
Clause 9
 
  
BY THE LORD HIGGINS
THE VISCOUNT BRIDGEMAN
 
     Page 5, line 41, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 5, line 42, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 6, line 4, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 6, line 6, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
     Page 6, line 7, leave out ("Treasury") and insert ("Financial Reporting Advisory Board") 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 6, line 11, at end insert--
 
    ("(  )  For the purpose of subsection (4)(a) and (b) the Treasury shall in particular--
    (a)  have regard to any relevant guidance issued by the Accounting Standards Board Limited or any other body prescribed for the purposes of section 256 of the Companies Act 1985 (accounting standards), and
    (b)  ensure that the accounts include, subject to paragraph (a), a statement of financial performance, a statement of financial position and a cash flow statement.")
 
  
Clause 15
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Leave out Clause 15 and insert the following new Clause-- 
     (".--(1) If it appears to the Secretary of State to be expedient in consequence of any of the matters specified in subsection (2), he may by order amend, repeal or make provision similar to any of the following provisions of the Government of Wales Act 1998--
    (a)  section 81 (statements by Secretary of State),
    (b)  section 85 (expenditure by National Assembly), and
    (c)  section 86 (statements by National Assembly).
    (2)  The matters mentioned in subsection (1) are--
    (a)  any provision of this Act,
    (b)  a change in the accounting methods used by the National Assembly,
    (c)  a change in the procedures of the House of Commons relating to public money, and
    (d)  a change in the form of Appropriation Acts.
    (3)  An order under this section--
    (a)  shall be made by statutory instrument,
    (b)  may include incidental or transitional provision, and
    (c)  shall not be made unless a draft has been laid before, and approved by resolution of, each House of Parliament.
    (4)  The Secretary of State--
    (a)  shall consult the National Assembly before making an order under this section which relates to section 81 of the Government of Wales Act 1998, and
    (b)  shall not make an order under this section which relates to section 85 or 86 of that Act unless a draft has been laid before, and approved by resolution of, the National Assembly.")
Finance.
  
After Clause 19
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Insert the following new Clause-- 
     (".--(1) Any of the following may incur expenditure for the purpose of investing in the body mentioned in section 16--
    (a)  the Scottish Ministers,
    (b)  the Northern Ireland departments, and
    (c)  the National Assembly for Wales.
    (2)  Subsection (1)--
    (a)  shall have effect notwithstanding an enactment which restricts the activities of a person or body mentioned in that subsection to matters relating to a particular Part or area of the United Kingdom, and
    (b)  shall not be construed as preventing or restricting any action which a person or body has power to take without reliance on that subsection.
    (3)  The power under subsection (1) may be used only for the purpose of--
    (a)  the acquisition from the Treasury of shares of a kind which are required by the body's articles of association to be issued to the Treasury (and which may be transferred by the Treasury), and
    (b)  such other forms of investment (whether by the acquisition of assets, securities, rights or otherwise) as the Treasury may specify by order.
    (4)  An order under subsection (3)(b)--
    (a)  may relate generally to persons and bodies mentioned in subsection (1) or to one or more specified persons or bodies,
    (b)  may make different provision for different purposes,
    (c)  shall be made by statutory instrument, and
    (d)  shall be subject to annulment in pursuance of a resolution of either House of Parliament.")
Investment by devolved administrations.
  
After Clause 22
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Insert the following new Clause-- 
     (".--(1) Before--
    (a)  issuing directions under section 5(2), or
    (b)  determining the form and content of accounts under section 9,
the Treasury shall consult a group of persons who appear to the Treasury to be appropriate to advise on financial reporting principles and standards.
 
    (2)  Before selecting a group for the purpose of subsection (1) the Treasury shall consult the Comptroller and Auditor General.
 
    (3)  Where a group is consulted under subsection (1) in a particular year, the Treasury shall arrange for the group to prepare a report for that year--
    (a)  summarising the activities of the group for the purpose of the consultation, and
    (b)  dealing with such other matters as the group consider appropriate.
    (4)  Where a report is prepared under subsection (3), the Treasury shall arrange for it to be laid before the House of Commons.")
Advisory board.
  
Schedule 1
 
  
BY THE LORD McINTOSH OF HARINGEY
 
     Page 19, line 21, at end insert--
        ("(  )  For the purpose of subsection (5)(a) and (b) the Treasury shall in particular--
      (a)  have regard to any relevant guidance issued by the Accounting Standards Board Limited or any other body prescribed for the purposes of section 256 of the Companies Act 1985 (accounting standards), and
      (b)  require the accounts to include, subject to paragraph (a), a statement of financial performance, a statement of financial position and a cash flow statement.")
 
 
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