Transport for London Bill [Lords] — House of Commons, 2015-03-16
Topic: Transportation
Lindsay Harvey Hoyle (Labour, Centre-left): With this it will be convenient to discuss the following: Amendment 4, in clause 1, page 5, at end insert "save as provided for in subsection (3)." Amendment 5, page 2, line 6, at end insert "save as provided for in subsection (3)." Amendment 6, page 2, line 6, at end insert— "(3) Sections 4, 5 and 6 of this Act shall not come into force until the Secretary of State has arranged for, and published the report of, a review of the— (a) potential risks to the assets of Transport for London arising from the exercise of the relevant powers to be conferred thereby, and (b) likely effectiveness of measures put in place by Transport for London in mitigation." Amendment 7, in clause 3, page 2, line 17, after "TfL", insert "following consultation with the Greater London Assembly, and the publication of a report of such, and" Amendment 8, page 2, line 19, leave out "two" and insert "three" Amendment 9, page 2, line 25, leave out "two" and insert "three" Amendment 15, page 2, leave out clause 4 Amendment 10, in clause 4, page 2, line 37, at end insert— "(1A) The consent of the Mayor under subsection (1) may only be granted after the Mayor has consulted, and published a report of such consultation: (a) the Greater London Assembly (b) the London boroughs (c) the City of London (d) passenger representative bodies, and (e) relevant trades unions." Amendment 11, page 2, line 38, leave out "all or any" and insert "no more than 25%" Amendment 12, page 2, line 41, leave out "including the creation of priority as between changes." Amendment 13, page 3, line 9, leave out subsection (5) Amendment 30, page 3, line 13, leave out "Except for the property identified in the Schedule to this Act". Amendment 14, page 3, line 15, at end insert— "(6A) TfL shall not charge any property for any of the purposes mentioned in subsection (2) unless— (a) it has consulted the Greater London Assembly and published the results of that consultation, or (b) the property falls within a category identified in the Schedule to this Act." Amendment 31, page 3, line 15, at end insert— "(6A) Any consent of the Secretary of State given under subsection (6A) above shall be given in an order made by the Secretary of State (6B) A statutory instrument containing (whether alone or with other provisions) an order under subsection (6B) above shall not be made unless a draft of the instrument has been laid before, and approved by a resolution of, each House of Parliament (6C) An order under subsection (6A) above shall in each case include— (a) the land registry title number or numbers of any property or properties to be charged, and (b) a specification of the proprietor or proprietors of the charge (6D) The proprietor or proprietors of the charge under subsection (6D)(b) may not be a joint venture partner of Transport for London or one of its subsidiaries." Amendment 33, in clause 7, page 5, line 25, at end insert— "(5) TfL shall conduct a review, and publish a report, after 12 months of the operation of the s49 Transport for London Act 2008 powers, as amended by this section, of the use and impact of those powers in relation to investment by subsidiaries of TfL in derivatives in order to limit exposure to changes in interest rates, exchange rates, commodity prices or other matters specified in s49(3) of the 2008 Act (6) Each subsidiary of TfL shall publish a report each year of the use made of the powers under s49 of the Transport for London Act 2008, as amended by this section, in relation to investments made in derivatives, or equivalent instruments, in order to limit exposure to changes in interest rates, exchange rates, commodity prices or other matters specified in s49(3) of the 2008 Act."