Completely agree with all the points being made. Firstly, I should say that the link posted by teejay is to all the original presentations and papers from a meeting organised by the Strategic Content Alliance (JISC) and the British Library on June 29th. The aim of the meeting which was attended by representatives of public intermediary organisations, Museums, Libraries, Cultural and Heritage organisatios, Universities, LA's, RBC's, Schools, lawyers, BT and others, was to mobilise the public intermediaries to respond to the OFCOM consultation on the obligations.
It's too late to do anything about the Act itself but what we can do is argue for some type of exclusion for public itermediaries from the obligations which will be costly to implement and highly unlikely to produce a result for the copyright owners. By responding to the consultation there is a hope that we could stop people like yourselves being told to spend thousands, tens of thousands, pssibly hundreds of thousands of pounds on systems that will prove useless in achieving their objectives.
Unless we respond and make it clear how inappropriate the obligations are to the internet service provision chain that covers LA's/schools we will get lumped in with everyone else and it will cost you either in order to conform or as a fine for non-conformance!