12(1)Paragraph 4(1)(a) of Schedule 3 to the Industry Act 1975 (c. 68) (presidents of arbitration tribunals) is amended as follows.
(2)For sub-paragraph (i) substitute—
“(i)a person who satisfies the judicial-appointment eligibility condition on a 5-year basis; or”.
(3)In sub-paragraph (ii), for “7” substitute “5”.