| Steve Hodkin
On 29 March 2021, ASIC provided information concerning its no-action position in relation to (amongst other things) the holding of a virtual meeting and use of electronic means to distribute the notice of meeting and associated meeting materials.
This position attempts to provide the market with a degree of certainty by:
This follows on from the expiry on 21 March 2021 of temporary modifications to the Corporations Act (Act) under the Corporations (Coronavirus Economic Response) Determination (No. 3) 2020 and the failure of the Treasury Laws Amendment (2021 Measures No 1) Bill 2021, to be approved by Parliament.
It should be noted the no-action position adopted by ASIC only applies until the earlier of:
ASIC has re-issued its guidelines around investor meetings using technology. You can access the guidelines here.
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