Bill
Corporations Legislation Amendment (Deregulatory and Other Measures) Bill 2014
passed, as at 2015-03-19. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2014-10-22
- second reading — 2014-10-22
- second reading — 2014-11-26
- second reading — 2014-11-27
- second reading — 2014-11-27
- third reading — 2014-11-27
- introduced — 2014-12-01
- second reading — 2014-12-01
- second reading — 2015-03-02
- second reading — 2015-03-02
- third reading — 2015-03-02
- passed — 2015-03-02
- royal assent — 2015-03-19
Divisions
- Long debate text truncated. — 2015-03-02, Senate: affirmative, ayes 33, noes 12
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2014-10-22.
This bill would cut red tape for businesses and the community by changing company law.
It would change rules on shareholder meetings, pay reporting, financial years, auditors, takeover procedures and the Remuneration Tribunal's role.
The explanatory memorandum does not give a start date.
- Balance shareholder rights against the cost of calling general meetings.
- Reduce reporting requirements on executive pay.
- Clarify when a financial year may be shorter than 12 months.
- Let some companies limited by guarantee skip appointing or keeping an auditor.
- Allow the Takeovers Panel to handle matters more efficiently.
- Give the Remuneration Tribunal power to set pay for certain bodies under the Corporations Act.
Businesses and the community subject to the Corporations Act 2001 and the Australian Securities and Investments Commission Act 2001.
Sources
em
billhome
frl act