Clause 4

by deleting the word “Any” in subsection (1) and substituting the words “Subject to subsections (1A) and (1B), any”;

by inserting, immediately after subsection (1), the following subsections:“(1A) To avoid doubt, a licensed security service provider who sells any IBNS or who employs an IBNS in carrying out cash‑in‑transit services is not, by reason only of such sale or employment, liable to be convicted of an offence under —

subsection (1)(a) for any mutilation or destruction of a currency note; or

subsection (1)(c) for any printing or stamping, or by any like means any writing or impressing, of any mark, word, letter or figure on a currency note,that is caused by the activation of the IBNS.(1B) An applicant for a security service provider’s licence to sell any IBNS, or to employ an IBNS in carrying out cash‑in‑transit services, is not liable to be convicted of an offence under —

subsection (1)(a) for any mutilation or destruction of a currency note; or

subsection (1)(c) for any printing or stamping, or by any like means any writing or impressing, of any mark, word, letter or figure on a currency note,that is caused by the activation of the IBNS in any trial or demonstration of the applicant’s IBNS that is required by a licensing officer for the purpose of deciding the application.”; and

by inserting, immediately after subsection (2), the following subsection:“(3) In this section —“licensed security service provider” means a holder of a security service provider’s licence under the Private Security Industry Act (Cap. 250A) —

to sell any IBNS; or

to employ an IBNS in carrying out cash‑in‑transit services;“licensing officer” means a licensing officer as defined in section 2 of the Private Security Industry Act;“security service provider’s licence” means a security service provider’s licence granted under the Private Security Industry Act.”.