The Government has given an indication about the fate of the lapsed Treasury Laws Amendment (Modernising Business Communications) Bill 2022 which amongst other things permitted electronic delivery of a wide range of documents in the National Credit Act. Background.
Treasury is consulting on a new part of an amended Treasury Laws Amendment (Modernising Business Communications) Bill 2022: Virtual hearings and examinations which will permit Treasury portfolio regulators (including ASIC and APRA) to hold hearings and examinations virtually.
In addition to these amendments, Treasury says the revised package removes the previously proposed changes to credit laws which will instead be considered at a later date.
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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.
