Member

40: Schedule 1, page 44, line 23, at end insert— “(3A) The duty in subsection (3)(e), (f), (g) or (h) may be satisfied by consultation that took place in compliance with the duty in section 2F(7).” Member’s explanatory statement This amendment has the effect that if the Secretary of State has consulted about whether to shorten payment terms as required by my new clause, that counts as satisfying the consultation requirements set out in section 15 of the Commercial Payments and Interest on Late Payment Act 1998.