Introduction
On 10 August 2021, the Federal Government passed the Treasury
Laws Amendment (2021 Measures No.1) Bill 2021 (the
Bill), enabling the electronic execution and split
execution of company documents under section 127 of the
Corporations Act 2001 (Cth) (the Corporations
Act). The Bill also permits the remote witnessing of the
fixing of a company seal for the purposes of execution under
section 127 of the Corporations Act.
The new rules came into effect on 13 August 2021 and will only
apply temporarily, until they automatically expire on 1 April
2022.
The Amendments
The Bill makes several key amendments to Corporations Act.
Execution of company documents under section 127(1) of the
Corporations Act may now be achieved electronically and will be
taken to have been validly executed if:
