12CPublication of directions

12C Publication of directions

[Section 12C Inserted by No. 18 of 2025, s. 46, Applied:01 Jan 2026]

(1)  If a copy of a direction, or a copy of a written notice of an amendment or revocation of such a direction, is given to the Board or a subsidiary board under section 12A(5) , the Minister must table a copy of the direction, or of the written notice, in each House of Parliament within 7 sitting-days after the direction or notice is so given.

(2)  Despite subsection (1) , within 5 days after a board receives a copy of a direction or a copy of a written notice under section 12A(5) , the relevant board may make a written request to the members of the Company that the direction, or written notice of an amendment or revocation of a direction, should not be tabled under subsection (1) .

(3)  A board may only make a request under subsection (2) if the board is of the opinion that the tabling of the direction or written notice may –

(a) disadvantage or cause damage to the Company or a subsidiary, whether directly or indirectly; or

(b) enable another person, whether directly or indirectly, to gain an unreasonable advantage; or

(c) constitute a breach of confidentiality; or

(d) prejudice an investigation into –

(i) misconduct or possible misconduct; or

(ii) an offence, or possible offence, against this Act.

(4)  If the members of the Company are satisfied that a direction, or written notice of an amendment or revocation of a direction, should not be tabled under subsection (1) for a reason specified in subsection (3)  –

(a) subsection (1) does not apply in respect of the direction, the amendment or the revocation; and

(b) the Minister must table a statement that the direction has been given, or that written notice of an amendment or revocation has been given, in each House of Parliament within 7 sitting-days after the direction or written notice is given to the relevant board under .