The Treasury Laws Amendment (2021 Measures No. 1) Bill 2021 (“the Bill”) has been passed by the Senate on Monday of this week. The Bill temporarily amends section 127 of the Corporations Act 2001 (Cth) (“the Act”) to allow companies to once again execute documents, hold meetings, provide notices relating to meetings and keep minutes using electronic means or other alternative technologies.
The government originally introduced similar provisions to those in Schedule 1 of the Bill on 5 May 2020 using a temporary instrument-making power which was inserted into the Act as part of the government's response to the coronavirus crisis (“COVID-19”) and the provisions were subsequently extended in September 2020 for a further 6 months.
