Byline: Travis Johnson

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Electronic signing

Electronic signing here to stay – at last

10 March 2022

  • Temporary measures to allow for virtual meetings, electronic signing and distribution of corporate documents by corporations have been permanently enacted.
  • Additional changes have been introduced to modernise and update the Corporations Act 2001 (Corporations Act).
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director ID

Director Identification Number – changes to the regime

29 October 2021

Under changes to the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth) introduced in June 2021, all directors will be required to verify their identity as part of a new Director Identification Number (director ID) requirement.

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foreign investment

Significant reform on the horizon for Australia’s foreign investment review framework

25 June 2020

The Government has announced proposed changes to the foreign investment review framework to take effect 1 January 2021 following the temporary measures imposed in March 2020.

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Virtual Meetings. AGM,

Treasurer announces changes to meeting procedures and document signing requirements

07 May 2020

In further recognition of the difficulties faced by companies in meeting strict corporate compliance requirements in a COVID-19 environment, the Treasurer released yesterday a ministerial determination permitting company general meetings to be held virtually and modifying the way companies can execute documents.

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corporate reports, Covid-19, ASIC

Time extension for lodgement of corporate reports in impaired COVID-19 business environment

17 April 2020

  • ASIC has recently announced a one month extension for the lodgement of corporate reports
  • Extension is available to unlisted entities.
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FIRB, COVID-19

Suspension of monetary thresholds for transactions requiring FIRB approval

31 March 2020

From 10:30 pm, 29 March 2020, the monetary thresholds for substantial interests attracting the obligation to obtain Foreign Investment Review Board (FIRB) approval have been reduced to $0.

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Smart contracts – transacting in the digital era

26 November 2018

Since the launch of Bitcoin in 2009, more and more people have become aware of blockchain technology, and its potential to revolutionise payments systems. However, blockchain has many applications beyond cryptocurrency. ‘Smart contracts’ – computer code which execute the terms of an agreement have the potential to revolutionise commercial transactions.

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