Saving Gateway Accounts Act 2009

General

27 Northern Ireland

In Schedule 2 to the Northern Ireland Act 1998 (c. 47) (excepted matters), after paragraph 9A insert—

“9B Saving Gateway accounts.”

28 Orders and regulations

(1) Any power to make an order or regulations under this Act is exercisable by the Treasury by statutory instrument.

(2) An order or regulations under this Act may —

(a) provide for a person to exercise a discretion in relation to any matter;

(b) include incidental, supplementary and consequential provision;

(c) include transitional provision or savings;

(d) make different provision for different cases.

(3) An order under section 3(7) may not be made unless a draft of the statutory instrument containing the order has been laid before, and approved by a resolution of, each House of Parliament.

(4) Regulations under section 3(1)(b) or (5), 4(2)(a) or (4), 6(5) or 8(1) may not be made unless a draft of the statutory instrument containing the regulations has been laid before, and approved by a resolution of, each House of Parliament.

(5) The first regulations under section 14 may not be made unless a draft of the statutory instrument containing the regulations has been laid before, and approved by a resolution of, the House of Commons.

(6) The second, or any subsequent, statutory instrument containing regulations under section 14 is subject to annulment in pursuance of a resolution of the House of Commons.

(7) The first regulations made in the exercise of any other power under this Act may not be made unless a draft of the statutory instrument containing the regulations has been laid before, and approved by a resolution of, each House of Parliament.

(8) A statutory instrument containing only an order under section 24(6) or regulations under this Act other than regulations to which subsection (4), (5), (6) or (7) applies is subject to annulment in pursuance of a resolution of either House of Parliament.

29 Money

Any expenditure incurred by the Commissioners by virtue of this Act is to be paid out of money provided by Parliament.

30 Interpretation

In this Act—

• “approved account provider” has the meaning given by section 4(1);

• “the Commissioners” has the meaning given by section 1(2);

• “death payment” has the meaning given by section 4(2)(b);

• “eligible person” has the meaning given by section 3(1);

• “maturity payment” has the meaning given by section 4(2)(a);

• “maturity period” has the meaning given by section 4(2)(a);

• “notice of eligibility” has the meaning given by section 2;

• “Saving Gateway account” has the meaning given by section 1.

31 Commencement

This Act (apart from this section and sections 29, 32 and 33) comes into force on such day as the Treasury may by order appoint, and different days may be appointed for different purposes.

32 Extent

This Act extends to England and Wales, Scotland and Northern Ireland.

33 Short title

This Act may be cited as the Saving Gateway Accounts Act 2009.