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ARTICLE · 25 MAY 2020

A green light to virtual AGMs and electronic signatures during COVID-19

Holding Redlich
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Laws governing meetings & document signed have been temporarily changed during COVID-19.

AustraliaCoronavirus (COVID-19)
Georgia Milne
Georgia Milne
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A green light to virtual AGMs and electronic signatures during COVID-19

Following an announcement by Treasurer Josh Frydenberg on Tuesday, temporary amendments to the Corporations Act 2001 (Cth) (Act) took effect yesterday to ensure two things:

  1. Firstly, to allow companies and other regulated entities which are required (or choose) to hold a meeting, including an Annual General Meeting (AGM), to do so using technology rather than face-to-face meetings. The Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination) applies to provisions of the Act which require or permit meetings to be held or which deal with the notice or conduct of a meeting. Requirements for physical attendance, quorums, voting, questions and notices can all now be facilitated electronically.

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This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

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