That's correct. “Subsection 248(1) of the act is amended by adding the following in alphabetical order:...” Subsection 248(1) is where a number of the definitions that apply for the purposes of the Income Tax Act are contained. It would introduce the new definition, “qualified Canadian journalism organization, at any time, means a corporation, partnership or trust that...”, and paragraph (a) contains a number of conditions that would need to be met.
Paragraph (b) is the one that is relevant to this discussion and it reads, “is designated at that time by a body prescribed for the purpose of this definition”.