Red tape relief that allows companies to hold their Annual General Meetings virtually has been extended until 31 March 2022.
This extension, announced by Federal Treasurer Josh Frydenberg also allows companies to sign and share documents electronically.
“This relief ensures that companies can meet their obligations as they continue to deal with the uncertainty of the COVID-19 pandemic,” Mr Frydenberg said.
“In particular, the renewed relief will give much-needed certainty to listed and unlisted companies that are expected to hold an annual general meeting later this year and early next year.”
Moore Australia welcomes the news that the regulatory requirements under Corporations Act will be loosen to facilitate this, as well as giving ASIC permanent powers to provide individual or broader relief in future.
