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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 16 August 2025
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Displaying 1229 contributions

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Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good point. The registers would make that information easily available for anyone who chose to search for it. You are absolutely right that raising awareness of the change is important.

Jill, would you like to comment on what we have done specifically in that regard?

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

In general, Registers of Scotland brings in enough revenue through its various activities to cover its costs, which, from a public finance point of view, is very welcome. That is the principle to which we operate in order to understand the costs of running the service and the likely number of transactions. We used that to arrive at a fee structure that would allow ROS to cover its costs as a consequence.

The initial £80 was based on an estimate of the number of transactions. That estimate was then revised as more work was undertaken in order to have a more thorough understanding of that. We estimate that there will be 25,000 transactions or thereabouts over the period of a year once the registers are up and running. If we do the calculations on that, with our estimated running costs, which are close to £1 million when everything is up and running, we come to that schedule of charges. That is why it is there.

It is about getting the balance right with regard to what people will feel is reasonable. Extensive consultation was undertaken on the matter, and many of the points that you raise were made. That was part of the reason for reducing the £80 charge to £30. I am not sure how many sheep you can buy for £30, but, in the grand scheme of things, if you are running sizeable transactions with many other fees involved, and borrowing against assets, I would expect that that figure would not be a significant issue.

As we move forward, there will be scope to revise the fees depending on whether more, or fewer, transactions come through, or how we see the costs working through.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good question. I will undertake to log in and see how it works to verify that. My experience of other registers that Registers of Scotland provides is that they are very easy to use and very accessible, but others may have different views on that.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

The registers exist to create that visibility, so that people can search them. Exactly.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

Who can make a correction is limited to the parties that were involved in the transaction. To some extent, it depends on the definition.

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

Are you talking about who should make the correction or who would be liable if there was some fraud as a consequence of the entry in the register being incorrect?

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

That is a good question. I will defer to officials, as I have not been through the consultation responses in detail. Does Jill Clark want to pick that up?

Economy and Fair Work Committee

Subordinate Legislation

Meeting date: 29 January 2025

Ivan McKee

Has that not come forward?

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 7 January 2025

Ivan McKee

You have to distinguish between investment for the buying of existing properties and investment for the building of new properties. The investment is going into the market to—

Finance and Public Administration Committee

Subordinate Legislation

Meeting date: 7 January 2025

Ivan McKee

A number of factors impact the outputs that result from these decisions—