The Panel conducting the Statutory Review of the Meetings and Documents Amendments is to examine the operation of the amendments to the Corporations Act 2001 made by both the Corporations Amendment (Meetings and Documents) Act 2022 and Schedule 1 to the Treasury Laws Amendment (2021 Measures No. 1) Act 2021.
In conducting its review, the Panel is to have regard to the effects of the amendments in supporting the efficient and effective operation of Australian companies and capital markets, recognising the importance of shareholder participation, transparency and good corporate governance. This includes having regard to:
- the effects of the amendments relating to virtual meetings on the conduct of company and registered scheme meetings, including:
- participation by members and their ability to exercise their voting rights; and
- the effect on the flexibility and costs of holding meetings.
- the effects of the amendments relating to electronic document execution and electronic giving and sending of meeting‑related documents by companies, registered schemes and disclosing entities, including their cost and effectiveness.
The Panel is also to have regard to the experience in other countries of the use of technology and any lessons that could apply to Australia.
The Panel is to consult with the public and invite submissions.
The Panel may make recommendations to the Government in respect of the matters in the terms of reference above.
The Panel is to provide a final report with the outcomes of their review to the Government by 14 August 2024.