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February 14, 2022
Australian Parliament passes bill to reform electronic signing of documents, virtual and hybrid meetings
On 10 February 2022, the Corporations Amendment (Meetings and Documents) Bill 2021 (Corporations Bill) (available here) passed both Houses of the Australian Parliament. Passage of the bill makes permanent the reform on electronic signing under section 126 and section 127 of the Corporations Act for Australian corporations, and also makes permanent the reform on hybrid and virtual meetings. Though this bill does not include all legal documents nor all legal entities, it remains a significant change for Australia in adapting to the digital age. Royal Assent of the Bill is expected in the coming days.
For additional information with respect to this Alert, please contact the following:
Ernst & Young (Australia), Corporate Law, Sydney
Ernst & Young LLP (United States), Australia Tax Desk, New York
Ernst & Young LLP (United Kingdom), Australia Tax Desk, London