The Corporations Amendment (Meetings and Documents) Bill 2021 was passed by the House of Reps on 29 November, with an amendment introducing a sunset clause for the virtual meeting measures. The Bill will make permanent some of the company administration related measures that were implemented to accommodate COVID-19 related lockdown restrictions. However, the amendment provides that the proposed provisions which will allow for meetings to be held using only virtual meeting technology will cease to have effect if a report (or reports) on the operation of those provisions is not tabled in Parliament before the end of a period of 30 months beginning on commencement day.
The Bill will now be considered by the Senate.
[LTN 231, 30/11/21]
[Tax Month – November 2021 – Previous 2021] 2.12.21