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".