Senate debates

Thursday, 10 February 2022

Bills

Corporations Amendment (Meetings and Documents) Bill 2021; In Committee

5:15 pm

Photo of Jane HumeJane Hume (Victoria, Liberal Party, Minister for Superannuation, Financial Services and the Digital Economy) Share this | Hansard source

Allowing both listed and unlisted companies to hold wholly virtual meetings gives companies the flexibility to do business the way that best suits them. The bill contains a legislative requirement for a review to be undertaken within two years after its commencement, and government parliamentary amendment introduced in the House of Representatives ensure that those wholly virtual meetings provisions will cease to have effect if the review is not done and a report tabled in parliament 2½ years after its commencement. For this reason, the government will be opposing the Greens amendment.

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