Clause 5

by deleting the word “and” at the end of paragraph (h), and by inserting immediately thereafter the following paragraphs:“(ha)for the purpose of accounting for any rental relief or additional rental relief to which a tenant of any property is entitled under Part 2A —

to treat the whole or part of the benefit that the owner of the property has yet to pass to the tenant by the prescribed time under section 29(2), as having already been passed to the tenant by a date specified in the regulations;

to provide that the Panel, when making a determination under section 30, must take into account the benefit that is treated by a regulation made pursuant to sub‑paragraph (i) as having been passed to the tenant;

to treat the whole or part of the benefit that the Panel has determined under section 30 that the owner is required to pass to the tenant, as having already been passed to the tenant by a date specified in the regulations; and (iv)to provide for the recovery by the owner of the whole or part of the benefit that the owner has already passed to the tenant after the prescribed time in section 29(2) in reliance on the regulations in force before the date of the making of a regulation pursuant to this sub‑paragraph, or pursuant to a determination of the Panel;

by renumbering the section as subsection (1) of that section, and by inserting immediately thereafter the following subsections:“(2) Regulations made under this section for the purpose of prescribing the amount or extent of the benefit that the owner of any property has to pass to a tenant of the property, may be made to operate retrospectively but not earlier than 13 May 2020.(3) Regulations made under this section may, in respect of any retrospective regulations in subsection (2), also provide for the recovery by the owner of any property from a tenant of the property of the whole or part of the benefit that was passed to the tenant in reliance on the regulations in force before the date the retrospective regulations in subsection (2) were made.”.