Treasury Laws Amendment (2021 Measures No. 1) Act 2021 (82 of 2021)

Schedule 1   Virtual meetings and electronic communication of documents

Part 3   Application and transitional provisions

Corporations Act 2001

34   In the appropriate position in Chapter 10

Insert:

Part 10.52 - Application and transitional provisions relating to Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021

1679 Definitions

In this Part:

Chapter 2G meeting has the meaning given by section 253P.

commencement day means the day on which Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 commences.

1679A Application - virtual meetings and electronic communications

(1) The amendments made by Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 apply in relation to:

(a) a Chapter 2G meeting; and

(b) a document that relates to a Chapter 2G meeting that is required or permitted to be given to a person under this Act;

if:

(c) the meeting is held on or after the commencement day; and

(d) the document is given on or after the commencement day.

(2) The amendments made by Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 apply in relation to any document that is required or permitted to be given to a person under this Act that relates to a resolution to be considered without a Chapter 2G meeting if the document is given on or after the commencement day.

1679C Application - recording and keeping of minute books

The amendments made by Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 apply in relation to minute books kept before, on or after the commencement day.

1679D Application - execution of documents

Sections 127 and 129, as amended by Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021, apply in relation to a document that is executed on or after the commencement day.

1679E Application of COVID-19 instrument

The modifications of this Act made by the Corporations (Coronavirus Economic Response) Determination (No. 3) 2020 do not apply in relation to:

(a) any of the following meetings that is held on or after the commencement day:

(i) a meeting of a company's members;

(ii) a meeting of the directors of a company (including meetings of a committee of directors);

(iii) a meeting of a registered scheme's members; or

(b) a document that is executed by a company on or after the commencement day.

1679F Amendments made by Part 1 do not apply on and after 1 April 2022

(1) This Act has effect on and after 1 April 2022 as if the amendments made by Part 1 of Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021 had not been made.

(2) To avoid doubt, nothing in this section affects the validity of anything that is done, or not done, in reliance on the Act as in force before 1 April 2022.