Second Reading Speeches

Treasury Laws Amendment (Modernising Business Communications) Bill 2022

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
46

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Summary

Amends: the

Corporations Act 2001
to: allow all documents to be signed or executed electronically; allow certain additional categories of documents to be sent electronically; amend the criteria with which an entity must comply before they are relieved from their obligations to provide a document to a member; and make consequential amendments; the
Corporate Collective Investment Vehicle Framework and Other Measures Act 2022
and
Corporations Act 2001
to make amendments contingent on the commencement of the
Corporate Collective Investment Vehicle Framework and Other Measures Act 2022
; the
National Consumer Credit Protection Act 2009
to allow documents under the National Credit Code to be given in either physical or electronic form, or by the provision of an electronic postcard; the
National Consumer Credit Protection (Transitional and Consequential Provisions) Act 2009
to include application, transitional and saving provisions; the
Corporations Act 2001
,
Excise Act 1901
and
Small Superannuation Accounts Act 1995
to remove certain requirements relating to payments; and 11 Acts to provide that notices required or permitted to be published in newspapers can now be published in a manner that results in the notice being accessible to the public and reasonably prominent.

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