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Corporations Amendment (Meetings and Documents) Bill 2021

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1472 revised

2019-2021

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Corporations Amendment (Meetings and Documents) Bill 2021

 

 

(Amendments to be moved by Senator McKim, on behalf of the Australian Greens, in committee of the whole)

(1)     Schedule 2, item 11, page 23 (line 22), before “A company”, insert “(1)”.

[consequential]

(2)     Schedule 2, item 11, page 23 (line 25), omit “technology; or”, substitute “technology.”.

[consequential]

(3)     Schedule 2, item 11, page 23 (lines 26 to 27), omit paragraph 249R(c).

[wholly virtual meetings for non-listed entities]

(4)     Schedule 2, item 11, page 23 (after line 27), at the end of section 249R, add:

             (2)  If a company is not listed, then the company may hold a meeting of its members using virtual meeting technology only, if this is required or permitted by the company’s constitution expressly.

[wholly virtual meetings for non-listed entities]

(5)     Schedule 2, item 11, page 24 (after line 12), at the end of paragraph 249RA(1)(c), add:

Note:       Only a company that is not listed can hold a meeting using virtual meeting technology only: see subsection 249R(2).

[wholly virtual meetings for non-listed entities]

(6)     Schedule 2, item 11, page 25 (after line 3), at the end of paragraph 249S(3)(c), add:

Note:       Only a company that is not listed can hold a meeting using virtual meeting technology only: see subsection 249R(2).

[wholly virtual meetings for non-listed entities]

(7)     Schedule 2, item 11, page 25 (after line 23), at the end of subsection 249S(7), add:

Note:          Only a company that is not listed can hold a meeting using virtual meeting technology only: see subsection 249R(2).

[wholly virtual meetings for non-listed entities]

(8)     Schedule 2, item 22, page 27 (line 23), before “A registered scheme”, insert “(1)”.

[consequential]

(9)     Schedule 2, item 22, page 27 (line 26), omit “technology; or”, substitute “technology.”.

[consequential]

(10)   Schedule 2, item 22, page 27 (line 27) to page 28 (line 2), omit paragraph 252P(c).

[wholly virtual meetings for non-listed entities]

(11)   Schedule 2, item 22, page 28 (after line 2), at the end of section 252P, add:

             (2)  If a registered scheme is not listed, then the registered scheme may hold a meeting of its members using virtual meeting technology only, if this is required or permitted by the scheme’s constitution expressly and the provisions of the scheme’s constitution that require or permit such use were included in the scheme’s constitution:

                     (a)  at the time the scheme was established; or

                     (b)  by special resolution of the members of the scheme.

[wholly virtual meetings for non-listed entities]

(12)   Schedule 2, item 22, page 28 (after line 15), at the end of paragraph 252PA(1)(c), add:

Note:       Only a registered scheme that is not listed can hold a meeting using virtual meeting technology only: see subsection 252P(2).

[wholly virtual meetings for non-listed entities]

(13)   Schedule 2, item 22, page 29 (after line 7), at the end of paragraph 252Q(3)(c), add:

Note:       Only a registered scheme that is not listed can hold a meeting using virtual meeting technology only: see subsection 252P(2).

[wholly virtual meetings for non-listed entities]

(14)   Schedule 2, item 22, page 29 (after line 27), at the end of subsection 252Q(7), add:

Note:          Only a registered scheme that is not listed can hold a meeting using virtual meeting technology only: see subsection 252P(2).

[wholly virtual meetings for non-listed entities]

(15)   Schedule 2, item 47, page 42 (line 29), omit “Paragraphs 249R(c) and 252P(c)”, substitute “Subsections 249R(2) and 252P(2)”.

[consequential]

(16)   Schedule 2, item 47, page 43 (line 27), omit “Paragraphs 249R(c) and 252P(c)”, substitute “Subsections 249R(2) and 252P(2)”.

[consequential]