Treasury Laws Amendment (2023 Law Improvement Package No. 1) Act 2023 (76 of 2023)
Schedule 4 Insurance
Part 6 Other amendments
Insurance Acquisitions and Takeovers Act 1991
109 After subsection 58(1)
Insert:
(2) Before the end of the period specified in a divestment order applicable to a person (including that period as extended under this subsection), the Minister may, by notifiable instrument, vary the order by extending or further extending that period.
(2A) Subsection (2) does not limit the application of subsection 33(3) of the Acts Interpretation Act 1901 in relation to a divestment order.
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