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Senate Session 2020/2021 2 speeches

June 30, 2021

Official Hansard Report - Senate

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Session Summary

Simplified for You

The Senate passed two important bills without opposition. The Economic Substance Amendment Act expands Bermuda's tax compliance framework to include all partnerships, ensuring Bermuda stays off the EU's tax blacklist. The National Pension Scheme Amendment Act extends the ability for Bermudians to withdraw up to $6,000 from their pensions due to COVID-19 financial hardship, with applications open until June 2022. The Senate also approved two land deals involving the Corporation of Hamilton.

Chamber Senate
Date Jun 30, 2021
Session 2020/2021
Transcript View PDF
Speakers 1
Speeches 2

Key Topics

Economic Substance Amendment Act 2021 - expanding partnership regulations to meet EU requirementsNational Pension Scheme Amendment Act 2021 - allowing pension withdrawals during COVID-19 hardshipLand exchange agreements between Corporation of Hamilton and private companiesGraduation celebrations and road safety concerns following recent traffic fatalities

Bills & Motions

Economic Substance Amendment Act 2021 - passed second and third readings
National Pension Scheme (Occupational Pensions) Amendment Act 2021 - passed second and third readings
National Pension Scheme (Refund) Regulations 2021 - approved
Exchange of Land Agreement (Corporation of Hamilton/Hamilton Warehouse Company) - approved
Sale and Purchase Agreement (Corporation of Hamilton/Arnold's Discount Limited) - approved

Notable Moments

Senators expressed strong concern about recent hit-and-run deaths, particularly Ra-Che Williams, urging drivers to stay at accident scenes and slow down
Senator Marcus Jones noted the pension scheme is "no longer serving its initial purpose" but supported the COVID-19 relief measure
Technical difficulties caused audio problems during parts of the pension bill discussion

Debate Transcript

2 speeches from 1 speaker
Sen. the Hon. Dr. Ernest Peets Yes. Good morning, Madam President. I would like to be associated with the condolence remarks by Senator Tucker. Our hearts, of course, and prayers are with the fami lies at this time. We were deeply concerned and troubled by those events. And we certainly support the families this morning in …
Sen. the Hon. Dr. Ernest Peets Yes, Madam Pres ident. I make a motion that Senate adjourn to July 7, 2021. The President: Thank you. Would any Senator care to speak on the m otion to adjourn? Senator Lindsay Simmons, you have the floor. RA-CHE WILLIAMS —HIT -AND -RUN VICTIM Sen. Lindsay Simmons: Thank you, Madam …
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