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Banking Bill

Amendment 173E 173E: Clause 225, page 110, line 37, at end insert— ““(1A) For the purpose of subsection (1)(b) expenditure is incurred in respect of financial assistance in respect of banks or other financial institutions if it is incurred in respect of an activity, transaction or arrangement, or class of activity, transaction or arrangement, which is expected to facilitate any part of the business of one or more banks or other financial institutions; and for that purpose it does not matter— (a) whether or not that is the sole or principal expected effect of the activity, transaction or arrangement, or (b) whether the sole or principal motive for the activity, transaction or arrangement is (i) its effect on banks or other financial institutions, (ii) its effect on the economy as a whole, (iii) its effect on a particular industry or sector of the economy, or (iv) its effect on actual or potential customers of banks or other financial institutions.”” Amendment 173F (to Amendment 173E) not moved. Amendment 173E agreed. Amendment 174 not moved. Amendment 174A