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The Hon. Dennis Lister, JP,MP

The Hon. Dennis Lister, JP,MP

72740
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11,412,396
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12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
72 words
Chairman
Members, we are now in Committee of the Whole [House] for the B ill entitled the Beneficial Ownership Amendment Act 2025 , and I call on the Premier and Finance Minister. Premier . Hon. E. David Burt: Thank you very much, Madam Chairman. Madam Chairman, the Bill only has four clauses. However, there is an amendment that has been tabled …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
388 words
Chairman
Okay. It has been moved that clause s 1 and 2 be considered. Are there any objections to that? There being none, continue. Hon. E. David Burt: Thank you very much, Madam Chairman. Madam Chairman, clause 1 provides a citation for the Bill. Clause 2 amends section 15 of the principal Act to require that a legal person shall enter …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
46 words
Chairman
Thank you. Are there any other persons who wish to speak to clauses 1 and 2? There being none . . . Premier. Hon. E. David Burt: Thank you, Madam Chairman. I move that clauses 1 and 2 be approved and stand part of the Bill.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
111 words
Chairman
It has been moved that clauses 1 and 2 be approved and stand as part of the Bill. Are there any objections? There are none. So approved. [Motion carried: Clauses 1 and 2 passed.] Hon. E. David Burt: Thank you. Madam Chairman, we will now move on to clause 3. I do believe that a floor amendment has been circulated. …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
21 words
Chairman
Yes. It has been moved that clause 3 be considered with the amendment for consideration. Hon. E. David Burt: Thank you.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
120 words
Chairman
There are no objections on the floor , so yes. AMENDMEN T TO CLAUSE 3 Hon. E. David Burt: Thank you. Thank you very much, Madam Chairman. In regard to clause 3, clause 3 as written was amending section 16. There is the amendment that has been introduced and the amendment that I would like to move at this time …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
22 words
Chairman
I think you can. Then it makes it easier for any questions that come. Hon. E. David Burt: Happy to do so.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
162 words
Chairman
Thank you. Hon. E. David Burt: Madam Chairman, [section] 16 as written has generated potential challenges in its inter-pretation and its application. The House will recall that section 16 created a statutory approval regime for beneficial owners of legal persons. However, during the course of further analysis and industry consultation, it became apparent that the structure and operation of s …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
63 words
Chairman
Thank you. It has been moved under the amendment that the Beneficial Ownership [Amendment] Act 2025 be amended by deleting clause 3 and substituting the following new clause 3 which states “S ection 16 of the principal Act is repealed. ” Are there any objections to that amendment? There are no objections. The amendment is approved. [Motion carried: Amendment to …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
48 words
Chairman
The Premier also gave the rationale behind why this amendment had to be approved. I don't think . . . it does not appear that anybody had any questions to that. The amendment is approved because there are no objections. That allows the Prem-ier to continue. [Inaudible interjection]
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
20 words
Chairman
You have no questions? Oh, I recognise the Member from constituency 22. You are a little slow to your feet.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
71 words
Chairman
Thank you, Member . Premier , there are no other persons who seem to willingly want to speak to this amendment , so you have the floor. Hon. E. David Burt: Thank you very much, Madam Chairman. Madam Chairman, I move that clause . . . I am grateful for the support of the Honourable Member and recognising he understands …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
18 words
Chairman
Right. Hon. E. David Burt: I am grateful and I move that clause 3 be approved as amended.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
26 words
Chairman
Yes. It has been moved that clause 3 be approved as amended. Are there any objections? There are none. [Motion carried: Clause 3 passed as amended.]
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
66 words
Chairman
Continue. Hon. E. David Burt: Thank you, Madam Chairman. I will move to approve clause 4. 1796 12 December 2025 Official Hansard Report Bermuda House of Assembly The Chairman: Clause 4 is now on the table for consideration. Are there any persons objecting to the Premier moving clause 4? There are none. Hon. E. David Burt: Thank you very much, …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
290 words
Chairman
Yes. Hon. E. David Burt: Thank you very much, Madam Chairman. Clause 4 amends s ection 27( 1) of the principal Act by repealing p aragraph (c), which inadvertently provides for regulations to be made to provide for fees subject to the negative resolution procedure. Section 27( 4) correctly provides for regulations to be made for fees subject to the …
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
42 words
Chairman
Thank you, Premier. Are there any other Member s who wish to speak to clause 4? There being none . . . Premier. Hon. E. David Burt: Thank you very much, Madam Chairman. I move that clause 4 be approved as printed.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
40 words
Chairman
It has been moved that clause 4 be approved as printed. Are there any objections? There are none. [Motion carried: Clause 4 passed.] Hon. E. David Burt: Thank you very much, Madam Chairman. I move that the preamble be approved.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
37 words
Chairman
It has been moved that the preamble be approved. Any objections? There are none. Hon. E. David Burt: Thank you very much, Madam Chairman. I move that the B ill be reported to the House as amended.
12 Dec 2025 House of Assembly
Official Hansard Report - House of Assembly
69 words
Chairman
It has been moved that the Bill be reported to the House as amended. Are there any objections? There are none. So approved. [Gavel] [Motion carried: The Beneficial Ownership Amendment Act 2025 was consid ered by a Committee of the whole House and passed as amended .] House resumed at 4:26 pm [Hon. Dennis P. Lister, Jr., Speaker, in the …