Clause 53 - Interpretation of Part 3

Part of Financial Services Bill – in a Public Bill Committee at 5:40 pm on 20th March 2012.

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Photo of Chris Leslie Chris Leslie Shadow Minister (Treasury) 5:40 pm, 20th March 2012

Normally we would not discuss such a small clause, which relates to the interpretation of part 3, but I have a quiz question—a little bit of light relief—for the Minister. Will he explain in layman’s terms what is meant by subsection (2):

“In this Part a reference to a person’s functions under an enactment includes reference to the person’s functions under any other enactment as applied by that enactment”?

What, exactly, does that mean? I should be grateful if the Minister elaborated, because, again, the explanatory note simply repeats that rather tortuous sentence.