The Australian Treasury has published for consultation a draft of the Corporations Legislation Amendment (Deregulatory and other measures) Bill 2014: see here (pdf). Explanatory notes are available here (pdf). Amongst other things, the Bill will remove from section 249D of the Corporations Act 2001 the requirement for an annual general meeting to be held at the request of at least 100 shareholders. Another amendment concerns section 300A of the 2001 Act and will require listed entities to include in their remuneration report a general description of their remuneration framework (to the extent that it is not included elsewhere in the annual report).
Friday, 11 April 2014
Australia: Corporations Legislation Amendment (Deregulatory and other measures) Bill published for consultation
The Australian Treasury has published for consultation a draft of the Corporations Legislation Amendment (Deregulatory and other measures) Bill 2014: see here (pdf). Explanatory notes are available here (pdf). Amongst other things, the Bill will remove from section 249D of the Corporations Act 2001 the requirement for an annual general meeting to be held at the request of at least 100 shareholders. Another amendment concerns section 300A of the 2001 Act and will require listed entities to include in their remuneration report a general description of their remuneration framework (to the extent that it is not included elsewhere in the annual report).
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