Clause 27

by inserting, immediately after subsection (1A), the following subsection:“(1B) The reference in subsection (1)(b) to prescribed activities is a reference to activities prescribed in regulations made under this section and specified to each approved qualifying company by the Minister or a person appointed by the Minister.”; and

by deleting the definitions of “global trading company” and “qualifying company” in subsection (3) and substituting the following definitions:“ “global trading company” means a company that carries on the business of international trading of commodities or commodities derivatives, or of brokering international trades in commodities, or both;“qualifying company” means —

an approved company that carries on the business of international trading of commodities or commodities derivatives; or

a wholly‑owned subsidiary of another company, where the other company carries on the business of international trading of commodities or commodities derivatives,that carries on any qualifying structured commodity financing activities, treasury activities, or advisory services in relation to mergers and acquisitions, prescribed under subsection (1).”.