Clause 10

by inserting, immediately after subsection (1), the following subsection:“(1A) The notice under subsection (1) must be given within 5 days after the designated electricity licensee, the designated entity or the trustee‑manager of the designated business trust (as the case may be) becomes aware of the acquisition mentioned in that subsection.”;

by inserting, immediately after the word “business” in subsection (3)(a) and (b), the words “, or any part of the business,”;

by deleting the word “or” at the end of subsection (3)(a);

by deleting the comma at the end of paragraph (b) of subsection (3) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(c)the business, or any part of the business, of a designated business trust relating to a transmission system or any part of a transmission system in respect of which, wholly or in part, the business trust is established,”;

by deleting the words “or entity” in subsection (3) and substituting the words “, the entity or the trustee‑manager of the business trust”;

by deleting subsection (6) and substituting the following subsections:“(6) Any approval by the Authority under this section may be granted subject to such conditions as the Authority may determine, including but not limited to any condition —

restricting the disposal or further acquisition of equity interests or voting power in the designated electricity licensee, designated entity or designated business trust; or

restricting the exercise of voting power in the designated electricity licensee, designated entity or designated business trust.(6A) The Authority may at any time add to, vary or revoke any condition imposed under this section.”; and

by inserting, immediately after the word “person” in the definition of “12% controller” in subsection (9), the words “, not being a 30% controller,”.