Using technology to hold meetings and sign and send documents
The submission to the Treasury in response to the exposure draft legislation, the Treasury Laws Amendment (Measures for Consultation) Bill 2021: Use of technology for meetings and related amendments (Exposure Draft) was prepared by the Law Council of Australia.
The Exposure Draft proposes amendments to the Corporations Act 2001 (Cth) to make permanent the temporary measures put in place during the COVID-19 pandemic relating to electronic execution of company documents and meeting notifications.1 Similar changes are proposed in Schedule 1 of the Treasury Law Amendment (2021 Measures No. 1) Bill 2021 (Cth) (TLAB). As at the date of this submission, the TLAB has not been passed by the Australian Parliament.2
You can read the full submission below.
1 See, The Treasury, Using technology to hold meetings and sign and send documents (Web Page, 25 June 2021) ; Treasury Laws Amendment (Measures for Consultation) Bill 2021: Use of technology for meetings and related amendments, Exposure Draft Explanatory Materials (‘ED EM’).
2 Two Senate Committees have conduced inquiries into this Bill. In March 2021, the Senate Economics Legislation Committee recommended that the entire Bill be passed while separate dissenting reports from Labor Senators and the Australian Greens did not oppose the passage of sch 1 (with some caveats): Senate Economics Legislation Committee, Treasury Laws Amendment (2021 Measures No.1) Bill 2021 [Provisions], (Report, March 2021). In June 2021, the Senate Economics References Committee recommended that sch 1 of the Bill pass with two amendments, while a Dissenting report from Coalition Senators recommended that sch 1 pass unamended: Senate Economics References Committee, Parliament of Australia, Treasury Laws Amendment (2021 Measures No.1) Bill 2021 [Provisions] (Report, June 2021).
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