Moved by
Baroness Neville-Rolfe
297A: Clause 135, page 123, line 5, at end insert—
“(10) Except for regulations under this section, regulations under this Act expire after the period of five years beginning with the day on which this Act is passed.
(11) The Secretary of State may by regulations substitute a later date for the purposes of subsection (10).
(12) Regulations under this section may make different provision for different purposes or areas.
(13) Before exercising the power under subsection (11), the Secretary of State must review the effectiveness of the regulations to which the power relates and conduct an assessment of the costs of the policy or provision relative to the benefits, having regard to a broad range of factors, including—
(a) effect on economic growth;
(b) costs to industry, in particular small and medium-sized businesses;
(c) social impact.
(14) Regulations under subsection (11) are subject to the affirmative procedure.”
Member’s explanatory statement
This amendment sets a sunset provision after five years for regulations made under the Bill, including those relating to targets. If the Government wishes to renew regulations, it must conduct a cost-benefit analysis first.