83.—The Package Holidays and Travel Trade Act 1995 is amended—

(a) in section 6—

(i) in subsection (1) by substituting “€3,000” for “£1,500”, and

(ii) in subsection (2) by substituting “€3,000” for “£1,500” and “€100,000” for “£50,000”,

and

(b) in section 7(3) by substituting “2 years” for “12 months”.