66E. (1) The postcode contractor shall prepare and submit to the Minister for his or her approval a draft code of practice regarding the retention of data related to postcode databases.

(2) In preparing a draft code of practice under subsection (1), the postcode contractor shall consult with the Data Protection Commissioner and such other persons or bodies as the postcode contractor considers appropriate or as the Minister may direct.

(3) The Minister may approve, refuse to approve, or after consultation with the postcode contractor, amend the draft code of practice.

(4) A draft code of practice shall, if approved by the Minister under subsection (3), be published (including publication on the website of the postcode contractor) and shall apply and have effect in accordance with its terms.]