The Corporations Amendment (Improving Accountability on Termination Payments) Bill 2009 (see background here) has been passed by the Senate with one amendment: a clause that the law ceases if not extended by Parliament after 3 years.

The House of Representatives will now consider the amendment made by the Senate.

UPDATE 30 October: On 29 October the House of Representatives disagreed to the Senate amendment.

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Posted 27th October 2009 by David Jacobson in Corporate Governance, Corporations Act