Treasury is consulting on exposure draft legislation which implements 2 recommendations made by the Australian Law Reform Commission (ALRC) in Interim Report A of its Inquiry into the Legislative Framework for Corporations and Financial Services Regulation and 3 recommendations from the ALRC’s Interim Report B.

The draft legislation is in addition to the amendments to simplify the corporations and financial services law contained in the Treasury Laws Amendment (Modernising Business Communications and Other Measures) Bill 2022, which Government introduced to Parliament on 23 November 2022.

While the forecast of a simplified Corporations Act is good news, in the meantime it is still getting bigger.

Here is a photo of my hard copy which has grown from 1 volume (including Regulations) to 2 volumes, updated to 1 November 2022.

You can download an electronic copy here for free updated to 1 October 2022.

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Author: David Jacobson
Principal, Bright Corporate Law
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About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.