Jenny McAllister (NSW, Australian Labor Party, Shadow Cabinet Secretary) Share this | Hansard source

Labor shares some of the concerns raised by the Greens in relation to the use of virtual AGMs. That is why we demanded the government include a vigorous review including a sunset clause to repeal the virtual AGMs clause if the independent review is not tabled in the parliament after two years. The government has agreed to this amendment. But we do actually recognise the substantial benefits that can come from virtual AGMs, include improving the ability of Australians in remote and regional areas to participate in corporate governance, and so we won't stand in the way of this. But we will ensure that shareholder rights are protected through the independent review process that we have secured in the other place.