There may be an update to that TRO, but no harm in including what it says, but the failure to include all the statutory conditions for an appeal is a procedural impropriety, and thus makes the PCN void.
If the regulations say something must be done, then if it isn't done, a penalty cannot be collected. This is a judgment of the High Court and binding on them. Basically they've been caught out by the May 2022 change in the Act governing bus lane enforcement, and have failed to read the regulations.
However, don't expect them to cancel, because they want your money, so will ruthlessly game the system by refusing your reps and forcing you to take the gamble of going to adjudication. At this point, most people fold and cough-up; is this you ? Hopefully, others here will agree with what I have said; this should be a slam-dunk win.