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ARTICLE · 15 MAY 2020

Sign here… or insert signature here: Temporary changes for electronic execution of documents

This COVID-19 determination allows companies to hold meetings online and to execute certain documents electronically.

AustraliaCorporate/Commercial Law

Temporary changes for electronic execution of documents, and further updates for virtual and hybrid meetings

The high level

What has changed? Documents can temporarily be signed under the Corporations Act electronically.

Who does it apply to? Companies only.

When does it apply? Now, until 5 November 2020.

The detail

On Tuesday, 5 May 2020, the Federal Treasurer issued an important determination which changes the way companies can hold meetings and execute documents during the COVID-19 pandemic. The Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Determination) modifies requirements for physical attendance at meetings and amends section 127 of the Corporations Act 2001 (Cth) (Corporations Act) by allowing companies to execute documents electronically (that is, by applying the relevant officeholders' electronic signatures to the document) in particular circumstances.

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