The Government introduced the Treasury Laws Amendment (Modernising Business Communications) Bill 2022 into the House of Representatives on Thursday 17.2.2022.
It will introduce what is termed a “global communications regime” for documents sent under the Corporations Act. Specially, Sch 1 of the Bill will amend the Corporations Act in relation to:
- signing and executing documents electronically;
- sending certain documents electronically; and
- the introduction of relief for companies from sending documents to members whose contact details are known to be incorrect.
PREVIOUS ANNOUNCEMENT: the measures partially implement the Government’s announcement in the 2021-22 Budget.
DATE OF EFFECT: most of the global communications regime measure will commence on the day the Bill receives assent or after the commencement of the Corporations (Meetings and Documents) Act 2022.
Tax Month – February 2022 – Previous 2022] 19.2.22 [LTN 31, 17/2/22]