Member

131: After Clause 105, insert the following new Clause— “Repeal of this Act(1) Subject to the following provisions of this section, this Act is repealed five years after the day on which it is passed.(2) The provisions of this Act are not repealed in accordance with this section but shall continue in force if in each of those five years the total amount recovered through the provisions in this Act exceeds the amount expended in exercising these powers by a margin of £500 million per annum.”Member's explanatory statement This is a sunset clause requiring that the net benefit of provisions in the Act must exceed £500 million per annum at the end of a period of five years, else the Act will cease to be in force.