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ARTICLE · 17 AUGUST 2021

Corporations Act reforms pass Parliament: virtual meetings, electronic execution and continuous disclosure

Piper Alderman
Piper Alderman
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Piper Alderman

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What has changed from the original Corporations Act Amendment Bill? Includes inks to previous related articles.

AustraliaCorporate/Commercial Law
Sina Kassra
Sina Kassra
Bahar Agar
Bahar Agar
Samiha Asim
Samiha Asim
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Both houses of Parliament have passed the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 to amend continuous disclosure laws, allow virtual corporate meetings and electronic execution of documents.

Following our earlier update in April 2021 (available here), the Treasury Laws Amendment (2021 Measures No.1) Bill 2021  (Corporations Act Amendment Bill) has been passed by both houses of Parliament on 10 August 2021 with amendments proposed by the Senate. The Corporations Act Amendment Bill is yet to be enacted and will commence operation the day after it receives royal assent from the Governor-General.

Primarily, the Corporations Act Amendment Bill reinstates temporary measures to allow virtual corporate meetings, send meeting documents electronically and electronic execution of company documents until the sunset date of 1 April 2022. The Corporations Act Amendment Bill also introduces the 'fault' element for continuous disclosure obligations. We have

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