Electronic transaction proposed changes

The Treasurer has announced the Government intends to finalise legislation dealing with the following by the end of 2021:

  • expanding the range of documents that can be validly signed electronically;
  • increasing the range of documents that can be sent electronically to shareholders and amending requirements to contact lost shareholders;
  • improving flexibility for customers when changing address and consenting to electronic communication with credit providers; and
  • removing prescriptive requirements for notices to be published in newspapers, where suitable alternatives have been identified.

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David Jacobson

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.

 

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