Explain this for me please

Amendment 2. Section 2 of the principal Act is amended by inserting next of section 2 after the words "In this Act" the words "unless the context of the principal Act. otherwise requires". Amendment 3. Section 9 of the principal Act is amended by deleting all of the of section 9 words appearing after the words "a fine not exceeding" and of the principal Act. substituting therefor the words "two hundred and fifty thousand dollars or to imprisonment for a term not exceeding three months". Insertion of 4. The principal Act is amended by inserting next after section new sections 10 the following as sections 10A and 10B in principal "Jurisdiction 10A. Notwithstanding any provision in any Act. of Resident enactment limiting the jurisdiction of the Resident Courts. Magistrates' Courts in relation to claims arising from contract, a Resident Magistrate's Court shall have jurisdiction, in any action arising from a contract of employment to which this Act applies, where the amount claimed does not exceed five hundred thousand dollars. "Power of 10B. The Minister may, by order subject to Minister to vary affirmative resolution, vary the monetary jurisdictional jurisdictional levels of the Resident Magistrates' levels of Courts in relation to claims arising from a contract Magistrates' of employment to which this Act applies.". Courts. Insertion of 5. The principal Act is amended by inserting next after section 11 the new section following as section 12 - 12 in principal "Power of 12. The Minister may by order, subject to Act. Minister to yary fines. affirmative resolution, vary any fine prescribed by this Act