No. The government has tried to get telecoms to remove Huawei equipment. They have successfully resisted. This bill appears to exist in large part to change that, specifically.

This bill does not allow the minister to remove services from any specified person. It allows the minister to order telecoms stop receiving services from specified persons (i.e. huawei). It allows the minister to put conditions on, but not remove, services the telecoms provide to a person.

I agree I wish there were more limits on the secrecy portion.