Moved by
Lord Greenhalgh
133: Clause 123, page 129, line 30, leave out from “a” to end of line 32 and insert “partnership or body corporate is associated with another person in the circumstances mentioned in subsections (2) to (3).”
Member’s explanatory statement
This amendment is a drafting change.
134: Clause 123, page 129, line 33, leave out subsection (2) and insert—
“(2) A partnership is associated with any person who was a partner in the partnership, other than a limited partner, at any time in the period of 5 years ending at the qualifying time (“the relevant period”).
(2A) A body corporate is associated with any person who was a director of the body corporate at any time in the relevant period.”
Member’s explanatory statement
This amendment defines who a partnership is associated with, and that a body corporate is associated with a person who was a director in the relevant period.
135: Clause 123, page 129, line 36, leave out from beginning to second “if” and insert “A body corporate is associated with another body corporate”
Member’s explanatory statement
This amendment is a drafting change.
136: Clause 123, page 129, line 37, leave out from first “the” to “or” in line 38 and insert “relevant period a person was a director of both of them”
Member’s explanatory statement
This amendment is a drafting change.
137: Clause 123, page 130, line 33, at end insert—
“(9) In this section “partnership” means—
(a) a partnership within the meaning of the Partnership Act 1890, or
(b) a limited partnership registered under the Limited Partnerships Act 1907,
or a firm or entity of a similar character formed under the law of a country or territory outside the United Kingdom (and the reference to “limited partner” is to be read accordingly).”
Member’s explanatory statement
This amendment defines “partnership” for the purposes of this Clause.
138: Clause 123, page 130, line 33, at end insert—
“(10) The Secretary of State may by regulations provide that, in relation to a prescribed reference in a provision mentioned in subsection (1) to anyone associated with another person, subsections (2) to (3) have effect with prescribed modifications.”
Member’s explanatory statement
This amendment provides that subsections (2) to (3) may be modified in their application to a reference, in a provision mentioned in subsection (1), to an associate.