2. On page 3, in line 7, to omit paragraph (d) and to substitute:

(d) he or she is the holder of a permit referred to in section [40(1)(a) or (2)] 26(h).

3. On page 3, in line 9, to omit "[or holder of a permit]" and to substitute "or holder of a permit".

CLAUSE 7

1. On page 4, in line 11, to omit "26(e)" and to substitute "26(e) or (h)".

CLAUSE 8

1. On page 4, after line 36, to add the following paragraph:

(h) a permit entitling a person to sell, export or import an unpolished diamond on prescribed conditions.

CLAUSE 9

1. On page 4, in line 43, to omit "three" and to substitute "five".

2. On page 5, after line 5, to add the following paragraph:

(g) a permit contemplated in section 26(h) is valid for such period as the Regulator may determine.

CLAUSE 13

1. On page 6, from line 15, to omit "or holder of a permit referred to in section [40(1)(b)l 26(e)".

CLAUSE 17

1. On page 7, from line 29, to omit paragraph (b) and to substitute;

(b) The percentage contemplated in paragraph (a) may be based on carats and value, and shall be a representative sample of a production cycle of any diamond producer.

2. On page 7, in line 50, to omit "appointment" and to substitute: appointment, which price shall be regarded as the fair market price of the unpolished diamond in question

NEW CLAUSE

1. That the following be a new Clause:

Substitution of section 74 of Act 56 of 1986

18. The following section is hereby substituted for section 74 of the principal Act:

"Exemption from provisions relating to offering or registration of polished or unpolished diamonds

74. The Minister may by notice in the Gazette exempt any person or category of persons from the provision of section 48A, 60 or 70 on such conditions as may be specified in the notice.".

CLAUSE 18

1. On page 10, in line 7, to omit "registration of polished" and to substitute: offering or registration of polished or unpolished