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Permanent changes to AGMs and electronic communications.
The Government has introduced into Parliament a Bill to permanently allow companies to use technology to meet their regulatory requirements and ensure that companies can continue to meet their obligations amid the uncertainty of the COVID‑19 pandemic.
Preparing for the new Director ID regime.
As part of its Digital Business Plan, the Government announced the full implementation of the 'Modernising Business Registers' program. This included recently enacted legislation introducing the new director identification number ('director ID') regime.
New ID requirement for Directors.
From November 2021, company directors will be required by law to verify their identify by as part of a new director identification number (Director ID) requirement.
Extending administrative relief for companies to use technology.
The Government has passed legislation renewing the temporary relief that allows companies to use technology to meet regulatory requirements under the Corporations Act 2001.