Changes to the Corporations Act 2001 (Cth) mean that virtual company meetings and electronic execution of company documents will apply from 1 April 2022.*
Subject to the company’s constitution:
🔸 Hybrid and wholly virtual meetings are permitted - members may attend in person or remotely;
🔸 Specified company documents may be transmitted electronically or sent in hard copy;
🔸 Where a proprietary company has a sole Director, that Director may sign under section 127 without the company secretary co-signing;
🔸 Split execution is permitted which allows signatories to sign using different methods to sign company documents.
*Changes relating to the signing of documents were in force from 23 February 2022.