Clause 60

In the MMTA, in section 22, after subsection (1), insert —“(1A) In determining the jurisdictional top‑up amount in section 16(4) as applied by subsection (1), there is to be further deducted from the amount determined in accordance with section 16(4) as modified by that subsection, any amount of DTT imposed on the stateless entity if it is also a section 29(b) entity.”.