During a time where physical distancing is mandatory, the Australian Government has implemented temporary measures which provide certainty to companies and boards about how they can meet their legal obligations over the next six months.
On 5 May 2020, The Hon Josh Frydenberg MP announced the temporary six-month changes to certain provisions of the Corporations Act 2001 Cth with the Corporations (Coronavirus Economic Response) Determination (No 1) 2020 instrument.
The changes allow for the following:
- companies to give notice of, convene and conduct meetings electronically; and
- company officers to sign documents electronically.
The changes are now in force and will cease operation on 6 November 2020.