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On 25 June 2021, Commonwealth Treasury issued an exposure draft of legislation to make permanent reforms to the Corporations Act in relation to electronic execution of documents and online meetings.
The exposure draft legislation is designed to make permanent the temporary measures contained in the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 (TLAB) that as at the date of writing remains before the Senate.
The exposure draft (Treasury Laws Amendment (Measures for Consultation) Bill 2021) changes some of the policy settings in TLAB, in particular:
To reprise, when passed TLAB will:
It is hoped that both TLAB and the exposure draft legislation will be passed by the last sitting day in September 2021, in good time before the opening of the 2021 AGM season.
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On 9 August 2021, the Treasury Laws Amendment (2021 Measures No.1) Bill 2021 finally passed the Senate, with amendments.
Johnson Winter & Slattery has advised the owner of leading Australian video game developer Tantalus Media, on the sale of an 85% interest in Tantalus to Keywords Studios for a total consideration...
Johnson Winter & Slattery has advised ASX listed Funtastic Limited (Funtastic) on its acquisition of the Hobby Warehouse Group (HWG), the licensor of the Toys R Us and Babies R Us brands in...