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31 January 2013
Two pieces of legislation deriving from Law Commission work have received Royal Assent: the Statute Law (Repeals) Act 2013 and the Trusts (Capital and Income) Act 2013.
Two separate releases giving details about the two projects are attached.
Referring to today's Royal Assent, Law Commission Chairman, Sir David Lloyd Jones, said:
“The Statute Law (Repeals) Act 2013 and the Trust (Capital and Income) Act 2013 are both important pieces of legislation, and each represents a considerable achievement for the Commission.
“The Statute Law (Repeals) Act 2013 repeals 817 whole Acts and parts of 50 other Acts. It is a significant development in our commitment to rid the statute book of obsolete provisions and make the law clearer and more accessible.
“The Trusts (Capital and Income) Act will have a positive impact for trustees and the individuals who benefit from private and charitable trusts. We are particularly pleased that this legislation completed its passage through Parliament following the procedure for uncontroversial Law Commission Bills. It is an indication of the effectiveness of the procedure in ensuring consideration and implementation of our recommendations.”
Both Acts received Royal Assent on 31 January 2013. The Statute Law (Repeals) Act comes into force immediately; the Trust (Capital and Income) Act, at a date to be specified by the Secretary of State.