May I ask the Committee to pay attention to subsection (10)? Are the words on line 16treat the debtthe best ones? Might it be considered at some stage whether they might change? They are admirably clear in English and that is good, but I wonder whether it is better to say the debt is to be treated as external unless after qualifying debt, on line 15. I leave that as a reflection. Perhaps the current wording is fine, but it can perhaps be improved.
The other issue here is in line 16. It says:
If in any proceedings there is an issue as to whether a debt is a qualifying debt, and goes on to talk about how the debt is to be treated as external. Might it be worth adding something on the question of externality? There may be other reasons for questioning whether a debt is a qualifying debt other than just that it is external, as we see from earlier in the clause.