SCHEDULES

SCHEDULE 4Treasury licences: purposes

Basic needsI12

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

payment of insurance premiums;

iii

payment 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—

    1. a

      the wife or husband of the designated person;

    2. b

      the civil partner of the designated person;

    3. c

      any parent or other ascendant of the designated person;

    4. d

      any child or other descendant of the designated person;

    5. e

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