Definition of Money bill

37.29Section 1(2) of the Act defines a ‘Money bill’1 as a public bill which in the opinion of the Speaker of the House of Commons contains only provisions dealing with all or any of the following subjects, namely, the imposition, repeal, remission, alteration, or regulation of taxation; the imposition for the payment of debt or other financial purposes of charges on the Consolidated Fund or the National Loans Fund,2 or on money provided by Parliament or the variation or repeal of any such charges; Supply; the appropriation, receipt, custody, issue or audit of accounts of public money; the raising or guarantee of any loan or the repayment thereof; or subordinate matters incidental to those subjects or any of them. For the purposes of this definition the expressions ‘taxation’, ‘public money’, and ‘loan’ respectively do not include any taxation, money, or loan raised by local authorities or bodies for local purposes, matters which, on the other hand, are included within the scope of Commons financial privilege.

Footnotes

  1. 1. A ‘Money bill’ should not be confused with a bill introduced under SO No 50 (procedure on bills whose main object is to create a charge upon the public revenue) (see paras 35.2435.25 ).
  2. 2. See National Loans Act 1968, s 1.