Australia: Proposed Legislation Simplifies Company Administration

Last Updated: 16 August 2006

On 14 August 2006 Parliamentary Secretary to the Treasurer Chris Pearce announced that changes to the Corporations Act 2001 (Cth) aimed at simplifying the day-to-day administration of companies are expected to proceed in the coming months.

28 out of over 50 reform proposals first touted in April this year will be further detailed in a proposal paper expected to be released to the public for feedback next month.

The following is a summary of the reform proposals that are expected to surface:

simpler reporting