Treasury Laws Amendment (Modernising Business Communications and Other Measures) Act 2023 (69 of 2023)

Schedule 1   Modernising business communications

Part 1   Documents and meetings under the Corporations Act 2001

Corporations Act 2001

23   Section 248D

Repeal the section, substitute:

248D Use of technology

(1) A directors' meeting may be called or held using any technology.

(2) Without limiting subsection (1), a directors' meeting may be held:

(a) at one or more physical venues; or

(b) at one or more physical venues and using virtual meeting technology; or

(c) using virtual meeting technology only.

(3) Despite subsections (1) and (2), if technology is used to call a director's meeting, or to hold a directors' meeting (whether or not the meeting is held at one or more physical venues), the technology must be reasonable.