AGMs in the time of COVID-19

Coronavirus social distancing and shutdown requirements have made holding an AGM face-to-face  impossible for most community housing organisations and CHIA Vic has been fielding calls from some members seeking clarity on this issue.
Treasurer Josh Frydenberg has announced a temporary (six-month) reform to the Corporations Act that will allow companies to hold virtual annual general meetings.Not-for-profit Law has created a flow chart for organisations to determine if they are able to have an online AGM or need to postpone it until the restrictions are eased.

You can download the pdf here.

The ACNC has also recognised that many charities are likely to experience issues with submitting their 2019 Annual Information Statement (and, if required, their annual financial report) by their due date and provided an extension until August 31, 2020.

You can download the ANC’s webinar, ‘Charities, the ACNC and COVID-19,’ for details.