Clause 2 of Schedule 5 to the Principal Act is amended as follows:

(a) by omitting from subclause (1A) "is also the" and substituting "is, or becomes, the" ;

(b) by inserting in subclause (1A) "only" after "of director" ;

(c) by inserting the following subclause after subclause (1A) :

(1B) Nothing in subclause (1A) prevents a person from being reappointed as a director after his or her previous appointment is terminated by reason of that subclause.