1.—(1) In the heading to paragraph 2 (Remuneration) of the schedule, after “Remuneration” insert “and related undertaking”.
(2) Paragraph 2 is amended as follows.
(3) At the beginning of that paragraph, insert—
“(A1) Where the circumstances are as described in sub-paragraph (1) or (1A).”.
(4) In sub- paragraph (1)(f), delete the words “or any other work”.
(5) After sub-paragraph (1), insert—
“(1A) Where a member is, or was—
(a)a director in a related undertaking; or
(b)a partner in a firm,
but does, or did, not receive remuneration by virtue of being such a director or partner.”
(6) In sub-paragraph (2), insert after “corporation” the words “or of Convener, deputy Convener or member of a Committee of the Parliament”.
(7) After sub-paragraph (2), insert—
“(3) Sub-paragraph (1) does not apply where the remuneration received from a person on a single, or on more than one, occasion during the current parliamentary session consists solely of expenses unless those expenses amount, or amount in aggregate, to more than the specified limit.
(4) The exception in sub-paragraph (3) applies even although the remuneration received from that person on another occasion, or on other occasions, during that session does not consist solely of expenses.
(5) In this paragraph—
“current parliamentary session” means the parliamentary session which begins immediately after, or in which, the member is returned;
“a related undertaking” is a parent or subsidiary undertaking of an undertaking of which the member is a director and receives remuneration as a director as mentioned in sub-paragraph (1)(d); and
“specified limit” means 1% of a member’s salary (rounded down to the nearest £10) at the beginning of the current parliamentary session.”.