Clause 66

replace subsection (1) with —“(1) A director who ceases on or after the date of commencement of section 66 of the Corporate and Accounting Laws (Amendment) Act 2025 to be qualified to act as a director by virtue of section 148(1), 154(1), 155(1), 155A(1), 155C(1) or 155D(1), or by a disqualification order made by the Court under section 149, 149A or 154(2) —

must, without affecting section 165(1)(c), notify the company of his or her disqualification as soon as practicable but not later than 14 days after the disqualification; and

may give the notice mentioned in section 173A(1)(b), (c) or (d) to the Registrar if the director has reasonable cause to believe that the company will not do so.”; and

in subsection (4), replace “section 173A(1)(b)” with “section 173A(1)(c)”.