Clause 32

by deleting paragraph (b) and substituting the following paragraph:“(b)provide for either or both of the following:

that any arrangement, transaction or action is exempt from any provision of this Part; (ii)that the Minister or the Authority must not exercise any power under this Part in relation to any arrangement, transaction or action, or any matter for which any arrangement has been entered into, either in all circumstances or if specified conditions are not satisfied;”;

by inserting, immediately after sub‑paragraph (i) of paragraph (c), the following sub‑paragraph:“(ia)any transaction or action as a transaction or action in paragraph (b)(i) or (ii);”;

by inserting, immediately after the word “arrangement” wherever it appears in paragraph (c)(ii), the words “, transaction or action”;

by inserting, immediately after the word “arrangement” wherever it appears in paragraph (c)(iii), the words “, transaction, action or matter”;

by deleting the word “and” at the end of paragraph (e); and

by deleting the full-stop at the end of paragraph (f) and substituting the word “; and”, and by inserting immediately thereafter the following paragraph:“(g)provide that a pertinent financial institution, any of its subsidiaries or any subsidiary within a class of its subsidiaries, must include a provision in a specified contract to which the pertinent financial institution or subsidiary is a party, the effect of which is that the parties to the contract agree to be bound by section 83 and by any suspension of a termination right in the contract by the Authority under section 84.”.