Corporations (Coronavirus Economic Response Determination) No.
1 2020
On 5 May 2020, Treasurer Josh Frydenberg announced changes to
the Corporations Act 2001 (Cth) (Corporations
Act) and related legislation that allows for companies to
have entirely virtual meetings and to issue electronic notice of
meetings. The changes have been made to give companies, responsible
entities, external administrators and other classes of people
governed by the Corporations Act certainty about how they can meet
their legal obligations whilst abiding by social distancing
measures for the next six months.
The Corporations (Coronavirus Economic Response) Determination
(No. 1) 2020 (Determination) modifies provisions
of the Corporations Act, the Corporations Regulations 2001
(Cth), the Insolvency Practice Rules (Corporations) 2016 (Cth) and
the Corporations (Passport) Rules 2018 (Cth) that deal with how
meetings are held and how notice of meetings are given. It also
affects any clauses
