leave out subsection (2)
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Amendments 40
Committee stage — Lords 20
leave out subsection (2)
at end insert— Before making regulations under this section, the Secretary of State must seek the consent of the Scottish Ministers, the Welsh Ministers and the Department for the Economy in Northern Ireland.
after “Parliament” insert “or the relevant devolved legislature”
after “Parliament” insert “or the relevant devolved legislature”
at end insert— A streamlined subsidy scheme may be made, in particular, to support areas of relative economic deprivation.”
after “Crown” insert “, Scottish Minister, Welsh Minister or Northern Ireland department”
at end insert— Nothing in this section prevents financial assistance being given by a public authority to anybody it deems appropriate in support of achieving cultural or environmental objectives for which it has responsibility.”
at end insert— Financial assistance, for the purposes of this Act, does not include payments made to public bodies who have a responsibility for the provision of public services within the territory of the public authority.”
after “Parliament” insert “or in legislation enacted by Senedd Cymru or the Scottish Parliament”
at end insert— A subsidy scheme or streamlined subsidy scheme may provide for the value of a subsidy to be determined by reference to its gross cash amount or the gross cash equivalent.”
at end insert— Provision under subsection (2)(a) may provide for the value of a subsidy to be determined by reference to its gross cash amount or the gross cash equivalent.”
leave out subsections (5) and (6) and insert— A streamlined subsidy scheme must be made or modified by regulations subject to the negative procedure.”
Lord Fox gives notice of his intention to oppose the Question that Clause 11 stand part of the Bill.
Insert the following new Clause— “Application of the subsidy strategy
Insert the following new Clause— “The subsidy strategy
at end insert— No payment may be regarded as a subsidy if it is equally and freely available to all enterprises whose economic activity, to which the payment relates, is undertaken wholly or largely within the territory of the body making the payment.”
at end insert— must not make the scheme without a statement that the scheme will operate, either in full or in part, under this Act or EU regulations.”
Insert the following new Clause— “The areas of disadvantage subsidy strategy
after “grants” insert “, equity”
Report stage — Lords 20
leave out “give a direction” and insert “make regulations”
leave out “, or a subsidy scheme made,”
leave out “in any other form, within six” and insert “or made in any other form, within three”
at end insert— if made as a subsidy scheme in the form of a tax measure, within three months of the confirmation of the decision to make the scheme, or”
after “given” insert “as a subsidy”
leave out “£500,000” and insert “£100,000”
at end insert “, and the subsidy database is kept under review in such manner and at such intervals as the Secretary of State considers appropriate.”
leave out subsections (3) to (5)
leave out subsections (4) to (6)
leave out subsections (4) to (6)
at end insert— The prohibition in subsection (1) does not apply if the public authority giving the subsidy is satisfied that the conditions in subsections (5) to (7) are met.
leave out subsection (7) and insert— Regulations under subsection (4) are subject to the negative procedure.”
leave out from “must” to “if” in line 31 and insert “by further regulations under subsection (4) revoke regulations under that subsection in respect of a marketable risk country”
leave out from “if” to end of line 23 and insert “regulations made by the Secretary of State provide for the marketable risk country to be so treated.”
after “reference” insert “(among other things)”
at end insert— If, within the 40-day period, either House of Parliament resolves not to approve the scheme, or the scheme as modified, then, with effect from the end of the day on which the resolution is passed, the scheme, or the scheme as modified, is to be treated as not having been made.
Insert the following new Clause— “Determination of the equity rationale for a subsidy
after “Crown” insert “of his or her own accord or by a Minister of the Crown upon a reasonable request to make such a scheme addressed to him or her by the Scottish Ministers, the Welsh Ministers or the Department for the Economy in Northern Ireland”
after “grants” insert “, investment in equity securities”?
at end insert— If, within the period of 12 months beginning with the day on which a public authority awards a subsidy to a beneficiary under a subsidy scheme, the awarding of any additional subsidies to that beneficiary under the same scheme would lead to a cumulative award in excess of the amount specified in subsection (2)(c), the public authority must, as soon as practicable, meet the requirements under subsection (1) in respect of each award.”