Finally, the ongoing saga around Federal Government reforms to facilitate virtual investor meetings and electronic execution by companies has come to an end with the Senate passing the Corporations Amendments (Meetings and Documents) Bill earlier this month. We have previously written about the various discussions and proposals for change.
The temporary measures introduced to provide certainty in COVID times are now permanent making it easier for Australian companies to validly execute a document using electronic means.
But there’s more work to be done! Deeds signed by individuals and execution by statutory and foreign corporations still need to be addressed in several jurisdictions. We will update you on further developments.