Companies (Corporate Enforcement Authority) Act 2021: Welcome Updating of Companies Legislation

The Companies (Corporate Enforcement Authority) Act 2021 (the “Act”) was signed into law on 22 December 2021 and, although not yet commenced, it is expected that a commencement order or orders will be made in early 2022.  The primary purpose of the Act is to transform the Office of the Director of Corporate Enforcement into a statutory and independent agency (to be known as the Corporate Enforcement Authority or “CEA”) with additional resources to investigate and prosecute so-called white-collar crime.  However, the Act also makes a range of changes to companies legislation generally, on which this briefing focusses.

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