Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024

Amendment of section 558ZK of Principal Act

42. Section 558ZK of the Principal Act is amended—

(a) by the designation of the section as subsection (1), and

(b) by the insertion of the following subsections after subsection (1):

“(2) Where the appointment of the process adviser is terminated under paragraph (b) of subsection (1), he or she shall, within 5 days after the date referred to in that subsection, deliver a notice in the prescribed form confirming the termination of his or her appointment in accordance with that subsection to—

(a) the Registrar, and

(b) the office of the relevant court.

(3) A person who fails to comply with a requirement imposed by subsection (2) shall be guilty of a category 3 offence.”.