74.— (1) The Authority may enter into an administrative arrangement with another state that is a party to a bilateral agreement if that arrangement concerns the processing of applications—

(a) made to the Authority by persons habitually resident in the State for the adoption of a child habitually resident in that other state, or

(b) made to the Central Authority of the other state by persons habitually resident in that other state for the adoption of a child habitually resident in the State.

(2) The Authority may terminate any administrative arrangement entered into under this section.