Clause 301 - The minimum amount

Part of Proceeds of Crime Bill – in a Public Bill Committee am 3:30 pm ar 10 Ionawr 2002.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Dominic Grieve Dominic Grieve Shadow Minister (Home Affairs) 3:30, 10 Ionawr 2002

I beg to move amendment No. 462, in page 174, line 3, leave out from 'is' to end of line 5 and insert '£10,000'.

This is a probing amendment to give the Minister an opportunity to put on the record what he has already hinted at, which is where the minimum monetary point at which money will be recovered will kick in. I understand that it will be £10,000, and that could be expressed in the Bill. An argument against that is that, with the passage of time, there may be occasions when, without wishing to return to primary legislation, it ought to be possible to alter such a figure to reflect the changing value of money. I should be grateful if he would explain the position and say what the level will be when the Bill is enacted.