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Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024
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Amendment of section 558ZC of Principal Act

40. Section 558ZC of the Principal Act is amended by the insertion of the following subsections after subsection (6):

“(7) Where a process adviser receives notice of the filing of an objection to a rescue plan under subsection (2)(a), he or she shall, within 5 days after receipt of that notice, notify the Registrar in the prescribed form of the filing of the objection.

(8) A person who fails to comply with a requirement imposed by subsection (7) shall be guilty of a category 3 offence.”.