Making it easier for business to operate during Covid-19

The Australian Government provides certainty to companies and boards about how they can meet their legal obligations over the next six months.

 As detailed on the Australian Government Treasury Portfolio Ministers Website, please see below notice effective 6th May 2020.

CLICK HERE to read this message on the above-mentioned website.

Making it easier for business to operate during Covid-19


The Morrison Government is today providing certainty to companies and boards about how they can meet their legal obligations over the next six months.

The changes being announced today will allow companies to convene annual general meetings, and other meetings prescribed under the Corporations Act, entirely online rather than face-to-face. The changes will also give businesses certainty that when company officers sign a document electronically, the document has been validly executed.

These changes will be made under the instrument-making power that has been inserted into the Corporations Act 2001 as part of our response to the Coronavirus crisis.

Under the social distancing measures that are currently in place, it is difficult for shareholders to physically gather with members of the board at annual general meetings.

Under the changes, company boards will be able to:

  • provide notice of annual general meetings to shareholders using email;
  • achieve a quorum with shareholders attending online; and 
  • hold annual general meetings online.

Meetings must continue to provide shareholders with a reasonable opportunity to participate. As a result, shareholders will be able to put questions to board members online and vote online.

Further changes will also allow company officers to sign a document electronically. Previously, in a number of cases, signatories were required to sign the same physical document. This will ensure that documents are able to be properly executed at a time when ordinary business operations have been disrupted.

These changes will be in effect for six months from 6 May 2020.

The Government will continue to help build a bridge to the other side to ensure that Australia bounces back even stronger.

ASIC has issued a Circular Notice for Company AGMs held during COVID 19 pandemic. A copy of the ASIC Circular with respect to Virtual AGMs and a Members Information FAQ sheet can be READ HERE

ASIC has allowed an extension of 2 months till 31 July 2020 for companies with financial year end 31 December to hold the company AGM.


URGENT ANNOUNCEMENT


Postponement of SISWP Final Board Meeting (Biennium 2018-2020), Annual General Meeting, First Board Meeting (Biennium 2020-2022)

Please be informed that the Board of Directors has resolved that SISWP Final Board Meeting (Biennium 2018-2020), Annual General Meeting and First Board Meeting (Biennium 2020-2022) that will be held as virtual electronic meetings be postponed to the following dates and times to provide the constitution notice period of a minimum of 42 days for Federation Board members and clubs to receive, discuss and provide feedback on SISWP Audited Accounts and related Directors Report 2019 as well as the Special Audit-Agreed Upon Procedures Report.

FINAL BOARD MEETING (BIENNIUM 2018-2020)
Saturday 27 June 2020 from 10 AM to 2 PM AEST

SISWP 9th AGM
Sunday 28 June 2020 from 10 AM to 12 noon AEST

FIRST BOARD MEETING (BIENNIUM 2020-2022)
Sunday 28 June 2020 from 2 PM to 5 PM AEST

All clubs are encouraged to register and attend the SISWP 9th AGM to be held on Sunday 28 June 2020 from 10 am to 12 noon AEST. We look forward to your supportive participation and invaluable feedback.

The registration Link for the AGM that was to be held on 9 May 2020 has been taken down and the new registration link and google forms can be found below.

AGM WEBINAR REGISTER HERE
AGM Delegate Form VIEW HERE
AGM Question Form VIEW HERE
AGM Silent Observers Form VIEW HERE

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