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ARTICLE · 26 SEPTEMBER 2020

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The effect of Corporations (Coronavirus Economic Response) Determination (No.1) 2020 will be extended to 23 March 2021.

AustraliaCorporate/Commercial Law
Michaela O'Connor
Michaela O'Connor
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In May this year, the Federal Government passed the Corporations (Coronavirus Economic Response) Determination (No. 1) 2020 (Cth) (Determination No. 1). We recently reported on this Determination No. 1 and its effect. Please refer to our previous article.

The Determination No. 1 was to be in force for 6 months from 6 May 2020 (being 6 November 2020). However, given that social distancing measures and other COVID-19 restrictions are not guaranteed to ease anytime soon, the Federal Government has considered that the timeframe for the Determination No. 1 should be extended.

As a result, the Corporations (Coronavirus Economic Response) Determination (No 3) 2020 (Cth) (Determination No. 2) commenced on 23 September 2020. This replaces the Determination No. 1 and will be in force for 6 months from 23 September 2020.

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