Senate

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon John Frydenberg MP)

Chapter 2 - Statement of Compatibility with Human Rights

Prepared in accordance with Part 3 of the

Human Rights (Parliamentary Scrutiny) Act 2011

Corporations Amendment (Meetings and Documents) Bill 2021

2.1 The Bill is compatible with the human rights and freedoms recognised or declared in the international instruments listed in section 3 of the Human Rights (Parliamentary Scrutiny) Act 2011.

Overview

2.2 The Bill allows companies and registered schemes to hold hybrid meetings (which give shareholders the option of either attending in person or remotely), to sign and execute certain corporate documents in flexible and technology neutral manners, and provide meetings related documents to members electronically or in hard copy on a permanent basis.

Human rights implications

2.3 The Bill does not engage any of the applicable rights or freedoms.

Conclusion

2.4 The Bill is compatible with human rights as it does not raise any human rights issues.