Submission: Modernising Business Communication
26/02/2021
ARITA has made a submission in response to the Treasury's December 2020 discussion paper on Modernising Business Communication: Improving the Technology Neutrality of Treasury Portfolio Laws.
Whilst ARITA recognises the progress made in respect of communications and meetings for external administrations, we made a number of suggestions where further improvements could be made:
- ASIC forms - providing smart forms as a minimum, allowing for lodgement of electronic signatures and pre-population of forms for information already held by ASIC.
- Company searches - making company searches free to liquidators.
- Signatures - adoption of an overarching principal allowing for electronic signatures.
- Record keeping - allowing for all external administration books and records to be retained electronically.
- Proposals without meetings - fixing proposals without meetings so that they can be used in external administrations for all matters.
- Fixing issues with electronic communications - recognising the liquidator's place of business for communications and place of meeting purposes.
- Access to company books and records - ensuring a liquidator's rights to access a company's books and records held electronically.
Read ARITA's submission .
Treasury's consultation: Modernising Business Communication