The draft proposed article sets out its purpose, scope and definitions, establishing the legal basis and objectives for the measure. It specifies the duties and responsibilities of covered persons and organisations, prescribes required processes for compliance including approvals, notifications, reporting and record‑keeping, and defines key terms and thresholds used throughout the text.

The draft details governance and oversight arrangements, including supervisory powers, enforcement mechanisms, sanctions and remedies for non‑compliance, and procedures for appeals. It includes provisions on commencement, transitional arrangements, review and amendment, and identifies timelines and steps for implementation and stakeholder engagement.