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ARTICLE · 06 AUGUST 2020

Relief extended for e-signing and virtual AGMs during COVID-19

Holding Redlich
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Temporary amendments to the Corporations Act provide regulatory relief and flexibility for companies in a COVID world.

AustraliaCorporate/Commercial Law
Georgia Milne
Georgia Milne
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Earlier this year and in recognition of the unprecedented circumstances presented by the COVID-19 pandemic and resulting lockdowns, the Federal Government introduced temporary amendments to the Corporations Act 2001 (Cth) (Act) to provide regulatory relief and flexibility for companies and other regulated entities in how they could conduct their business and meeting their legal obligations in a COVID world. In short, these changes:

  • allowed meetings (including Annual General Meetings) to be held electronically, rather than face-to-face
  • extended the application of section 127 to allow electronic and split (counterpart) execution of documents by company officers.

Relief extended to 2021

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