SCHEDULES

SCHEDULE 4Treasury licences: purposes

Basic needs

2.

(1)

To enable the basic needs of a designated person, or (in the case of an individual) any dependent family member of such a person, to be met.

(2)

In the case of an individual in sub-paragraph (1), “basic needs” includes—

(a)

medical needs;

(b)

needs for—

(i)

food;

(ii)

payments of insurance premiums;

(iii)

payments of tax;

(iv)

rent or mortgage payments;

(v)

utility payments.

(3)

In the case of a person other than an individual in sub-paragraph (1), “basic needs” includes needs for—

(a)

payment of insurance premiums;

(b)

payment of reasonable fees for the provision of property management services;

(c)

payment of remuneration, allowances or pensions of employees;

(d)

payment of tax;

(e)

rent or mortgage payments;

(f)

utility payments.

(4)

In sub-paragraph (1)—

“dependent” means financially dependent;

“family member” includes—

(a)

the wife or husband of the designated person;

(b)

the civil partner of the designated person;

(c)

any parent or other ascendant of the designated person;

(d)

any child or other descendant of the designated person;

(e)

any person who is a brother or sister of the designated person, or a child or other descendant of such a person.