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Child Trust Funds Act 2004

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6Opening by Inland Revenue

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(1)In the case of each child to whom this section applies, the Inland Revenue must apply to open for the child with an account provider selected in accordance with regulations a child trust fund of a description so selected.

(2)The application is to be made in accordance with regulations.

(3)The account provider must—

(a)open, in accordance with regulations, a child trust fund of that description for the child, and

(b)inform the Inland Revenue in accordance with regulations.

(4)This section applies—

(a)to a child in respect of whom a voucher is issued under section 5(1) but in whose case subsection (5) is satisfied, and

(b)to a child who is first an eligible child by virtue of section 2(1)(b).

(5)This subsection is satisfied in the case of a child if—

(a)the period prescribed under section 5(4) expires without a child trust fund having been opened for the child, or

(b)the child is under 16 and it appears to the Inland Revenue that there is no-one who is a responsible person in relation to the child.

(6)No liability is to arise in respect of the selection of an account provider, or a description of child trust fund, in accordance with regulations under this section.

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