Modernisation of document execution and meetings and continuous disclosure reformAugust 13, 2021

On 10 August 2021, the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 (Bill) was passed by Parliament. The Bill amends the Corporations Act 2001 (Cth) (Corporations Act) in a number of ways relating to facilitating electronic execution of documents; allow for virtual meetings and increased electronic communication; grant ASIC emergency powers in relation to wholly virtual meetings, extending the period in which to hold an AGM and the manner and timeframe in which documents are provided; and change continuous disclosure laws.
The Bill is awaiting Royal Assent and is expected to commence shortly. The amendments made to the Corporations Act in Part 1, Schedule 1 of the Bill (relating to electronic execution and virtual meetings) are due to expire on 31 March 2022, although, Treasury are proposing to make these amendments permanent.

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