Tax News Update    Email this document    Print this document  

February 15, 2022
2022-0268

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

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2024, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement