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Seems to be no different to the current set up really, in terms of the likely points you'll receive. The key difference is that for excessive speeds (i.e. over around 50% above the limit) the facility will exist for upto 6 points via a fixed penalty rather than a summons and court.
So in fact, it's an efficiency/cost saving measure rather than a road safety one.
There will still be a ceiling I would think, above which a summons and a charge of dangerous/careless driving would be relevant.
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