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Exposure Draft - Corporations Amendment (No.2) Bill 2010

Date:

Friday, 23 April 2010

Content ID:

1790

Abstract:

On 19 January 2010, the Minister for Financial Services, Superannuation and Corporate Law announced the Government's decision to reverse the effect of the High Court's decision in Sons of Gwalia v Margaretic. The Bill also reforms shareholder voting to streamline external administrations and clarifies the position of shareholders bringing claims for damages.

Making a submission

Interested parties are invited to comment on the exposure draft material. While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.

All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment. Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.

Closing date for submissions: Tuesday, 18 May 2010

Address written submissions to:
Manager
Governance and Insolvency Unit
Corporations and Financial Services Division
The Treasury
Langton Crescent
PARKES ACT 2600

Email: insolvency@treasury.gov.au

For enquiries, please call Andrew Hall on (02) 6263 3927.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Exposure Draft  113.59kb
Explanatory Memorandum  813.04kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Exposure Draft  116.77kb
Explanatory Memorandum  280.42kb

Related Items:

Submissions: Exposure Draft - Corporations Amendment (No.2) Bill 2010 - 2/07/2010

Treasury has received fourteen submissions in response to its exposure draft 'Corporations Amendment (No.2) Bill 2010'. All of the submissions are public and are accessible by selecting the author.

The opinions expressed in the submissions are those of the authors and do not necessarily reflect the views of the Government or the Treasury.

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