ASIC Corporations (Extension of Time to Hold AGM) Instrument 2021/770

I, Claire LaBouchardiere, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 7 September 2021

Claire LaBouchardiere

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3  Authority

4 Definitions

Part 2—Determination

5 Extension of time to hold annual general meeting

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Extension of Time to Hold AGM) Instrument 2021/770.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3  Authority

This instrument is made under section 253T of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

AGM means an annual general meeting.

Part 2—Determination

5 Extension of time to hold annual general meeting

(1)  The period in subsection 250N of the Act within which a public company (other than a public company to which subsection (2) applies) with a financial year ending on a date that is between 21 February 2021 and 7 July 2021 must hold its AGM is extended by two months.

(2)   The period in subsection 250N of the Act within which a public company limited by guarantee with a financial year ending on a date that is between 24 January 2021 and 7 April 2021 must hold its AGM is extended by four months.

Note 1: A public company limited by guarantee with a financial year ending on a date that is between 8 April 2021 and 7 July 2021 may rely on the extension in subsection (1).

Note 2: Unless revoked earlier, this determination is repealed at the end of 12 months after the date on which it commences: see subsection 253T(5) of the Act.