Members
Parliament
Transparency

E. Grant Gibbons

1169
Speeches
249,853
Words Spoken
36
Sittings Active
17 Feb 2017 House of Assembly
Official Hansard Report
19 words
—trampling all over, all over obligations. Hon. E. David Burt: Point of order, point of order, point of order!
17 Feb 2017 House of Assembly
Official Hansard Report
19 words
Thank you, Madam Deputy Speaker. I think I made my point. What goes around sometimes comes around. [Inaudible interjections]
17 Feb 2017 House of Assembly
Official Hansard Report
2 words
Let me—
17 Feb 2017 House of Assembly
Official Hansard Report
458 words
Madam Deputy Spea ker, may I say that you are very liberal in terms of allowing wide range to this particular debate. But I think it is important, when Honourable Members take an opportunistic opportunity, that they be reined back into the nature of what is before us today. So I think the other issue that the Honourable Member from …
17 Feb 2017 House of Assembly
Official Hansard Report
18 words
Thank you, Madam Chairman. C an we just pause for a second? I just want to check something.
17 Feb 2017 House of Assembly
Official Hansard Report
23 words
Thank you. I would like to move clauses 1 and 2. I have got amendments that I want to make in clause 2.
17 Feb 2017 House of Assembly
Official Hansard Report
25 words
I can do clause 1, and then we can deal with that and then go to clause 2. [I see] the Clerk is nodding yes.
17 Feb 2017 House of Assembly
Official Hansard Report
23 words
Well, I am going to speak to the clauses anyway. So we are just dealing with how many I am moving right now.
17 Feb 2017 House of Assembly
Official Hansard Report
30 words
Actually, the Premier is suggesting, since it is 12:30 (or close to 12:30), that we simply go to lunch and start up at that point. Would that work for you?
17 Feb 2017 House of Assembly
Official Hansard Report
2 words
Oh, okay.
17 Feb 2017 House of Assembly
Official Hansard Report
44 words
What I was going to suggest was that I move clause 2. There is an amendment which I can speak to, but perhaps I should just go through the contents of clause 2 first so Members have an understanding of why the amend-ment —
17 Feb 2017 House of Assembly
Official Hansard Report
1 words
Right.
17 Feb 2017 House of Assembly
Official Hansard Report
3 words
To clause 2.
17 Feb 2017 House of Assembly
Official Hansard Report
665 words
Yes, exactly. So, c lause 2 amends the Companies Act [1981] to clarify the record retention requirements for Bermuda companies following dissolution or strike- off. Subsection (1) amends the definition of “book and paper” to include “records of account”; subsection (2) is actually one of the clauses that will be amended (and I will speak to that in a minute) …
17 Feb 2017 House of Assembly
Official Hansard Report
194 words
So, that is essentia lly the background to clause 2. Now with respect to the amendments, I have handed these out and, frankly, what the amendments speak to is an issue that I mentioned when we were in the whole House . . . the Bill before us provides a six - year retention period. There were arguments on both …
17 Feb 2017 House of Assembly
Official Hansard Report
7 words
I hope that is clear. Thank you.
17 Feb 2017 House of Assembly
Official Hansard Report
75 words
The answer is very simple. In some parts of the legislation, six years . . . and I cannot remember exactly where it is, but what we have before us today is correcting a gap which has been pointed out by the Organisation for Economic Co-operation and Development (OECD) and their r equirements are five years. So we are simply …
17 Feb 2017 House of Assembly
Official Hansard Report
13 words
Thank you, Madam Chairman. I move that clause 2 be approved as amended.
17 Feb 2017 House of Assembly
Official Hansard Report
20 words
Thank you. Madam Chairman, I am just going to move clause 3 because I have another amendment in clause 3.
17 Feb 2017 House of Assembly
Official Hansard Report
53 words
Okay, and with your indulgence we will do the same thing we did before. I will go through the various parts of clause 3, explain those and then we will come back to the amendment at the end which are almost parallel and identical to the ones we are making for clause 2.