Permissive forwarding: amendment converts a director's mandatory forwarding duty into discretion, narrowing the statutory obligation. Clause 55 substitutes the proviso wording in subsection (1) so that a director's obligation to forward specified material changes from "shall also ... Summary
Permissive forwarding: amendment converts a director's mandatory forwarding duty into discretion, narrowing the statutory obligation.
Clause 55 substitutes the proviso wording in subsection (1) so that a director's obligation to forward specified material changes from "shall also forward" to "may also forward", converting a mandatory forwarding duty into a discretionary power and thereby narrowing the statutory compliance requirement.
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