NEW #COVID19 INSOLVENCY REGULATION

This has just come into force today, and seems to have gone under the radar.

https://www.legislation.gov.au/Details/F2020L00553/Html/Text

** only applies to corporate insolvency, not bankruptcy **

1. meetings of creditors can be held electronically, but all voting must be on a poll

2. electronic notice of meeting must at least 7 days before the meeting, give details on how to attend the electronic meeting

3. changes to the way documents can be executed under s127 of the Corporations Act