Summary
Part of a package of three bills to implement the next phase of the Corporations Law Economic Reform Program, the bill amends the
Corporations Act 2001
to simplify document lodgment and procedures for companies; remove the upper age limit for directors of public companies; and remove charges over uncertificated securities from the application of the charges provisions; and
Australian Securities and Investments Commission Act 2001
to increase the financial cap before Ministerial approval is required for the Australian Securities and Investments Commission to enter into contracts; and enable an alternate person to attend meetings of the Corporations and Markets Advisory Committee in place of the Chairperson. Also contains transitional provisions.